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Non-Tech : Any info about Iomega (IOM)?

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To: Jeff Mills who wrote (8983)10/17/1996 11:13:00 AM
From: Antony Mosley   of 58324
 
>>I am going against my gut and am shorting IOMG on its highest tick tommorrow.
Wall Street will punish IOMG if it comes in at EST just like it has CUBE, SUNW,
CSCC, and most notably on the upside CPQ and ASND. With the Nasdaq near an
alltime high and the Dow also at alltime highs, unless IOMG comes in with a
BLOWOUT Qtr it will come down Friday. This is the trend so far this Qtr...no
stock which has come in flat with Earnings has taken off. Cant and will not fight the
Wall Street tape or words....IOMG or not, I am short.<<

Good move. Given the performance of CUBE, SUNW, etc., IOMGs downslide is a no brainer. I see it testing at 21 again before another takeoff. And it will take off again. I'm looking for the prolonged tight trading range, just as it did in the last few weeks around 22 to 24; just like $14 to $16 in late August.

am
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