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Non-Tech : Iomega Thread without Iomega

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To: jackson who wrote (8128)3/10/1999 5:37:00 PM
From: Cogito  Read Replies (1) of 10072
 
Jackson -

As I've pointed out before, moves which happen on big volume are more significant than those which occur on light volume. As IOM has been drifting down in the last few weeks, the volume has been getting lighter and lighter.

It appears that today, some people hit their stop-loss points and jumped. Possibly some fairly big holders.

Unless there is some significant news, I would expect IOM to drop into the fours. I don't expect any significant news. But then, if I knew about it already, it wouldn't be news later, would it?

I've been through this before and came out smelling like a rose, so I'm going to continue to hold. This time I may buy some more at lower prices, to lower my average cost basis, but I will wait until I see some kind of clear indication of a bottom.

- Allen
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