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Non-Tech : Iomega Thread without Iomega

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To: jackson who wrote (8128)3/10/1999 5:47:00 PM
From: gil schmidt  Read Replies (1) of 10072
 
<<I don't like what I'm seeing!!! Lots of volume and the price continues to head down. What the $#@# is going on???>>

I believe it represents CAPITULATION by IOM longs.

Sort of the reverse of a blow-off top...frantic selling by longs wanting to get out before 5 is breached.

The relatively heavy volume is indeed very ominous.

gil
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