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Non-Tech : Iomega Thread without Iomega

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To: Olu Emuleomo who wrote (5279)12/21/1998 11:34:00 PM
From: HardMoney  Read Replies (2) of 10072
 
I respectfull disagree.

Last Jan.(bloody jan.) the stock actually closed at $13.25 the day earnings were released. But for some reason the NYSE let stock continue trading on Instinet way after the earnings release. So you see the chart looks a bit deceiving. It opened the next morning at $8.75.......therefore, IMHO, there is a gap to be filled at 13-13.5 range.....I believe Q4 earnings will get us there, but unless they are very strong or another big "House" give a rec.....I don't think we break much above there until Q1 earnings...if they are good than the overhead supply of stock will be consumeed by greater demenad and the stock will move towards the $20 range by mid july when Q2 is reported.

Just my humble opinion, assuming no unforseen news...positive or negative....of course at this point with the proscpect of new clik! oems and the further inclusion of Zip i.e., the rumored new Apple Yosemite line of desktops..rumor......no floppy just a Zip....standard........the probabilty of positive news is greater than the possibility of negative news.

Frank
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