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Strategies & Market Trends : The picks

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To: Trader X who wrote (2779)	1/23/1997 3:37:00 PM
From: Steven Messina,L.M.T.	of 6124

Re: IOM Kevin, I too am waiting for the pre-earnings IOM hype to die down somewhat....and it is. I feel today's close price near $18.40 may just be the low prior to earnings. I've had two bid orders in for days on IOM......one at $18 and one at $17.25, just incase a panic set in. IMO, I believe IOM will remain within the $18.20 - 18.40 range throughout the close......although it would be in true Iomega fashion to suddenly dip lower within the last few minutes of the session...we'll see. For tomorrow, I see IOM trading up immediately...settling within the $19.00 - $19.25 range all damn day, maybe a tad higher. The real hype begins on Monday, where ,IMO once again, the stock will climb into the real low 20's until earnings come out after the close on the 28th. Then after hours trading will go nuts based on earnings.....and IOM will open the following morning at either $24/sh or $14/sh......depending on the obvious. Whatcha think? Steve

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