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To: D.J.Smyth who wrote (8502)	3/24/1999 6:13:00 PM
From: Rocky Reid	Read Replies (4) of 10072

The recent accumulation of IOM seems over and IOM now poised to fall below the important $5 barrier now. The recent pause in the low $5's allowed some to manuever their positions into and out of margin accounts, Short positions, and Options. With these actions mostly out of the way, IOM will now resume its descent down into the $3's in the near term. Sub-$3 prices for IOM are in store this Summer. Sub-$5 IOM stock prices means that many Margin calls will go out for those who did not adjust their accounts. It also means that some Analysts who recently advised on buying IOM will need to liquify their positions (according to their respective Charters) and stop covering IOM. All in all, closing at $5 today was a disastor for IOM.

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