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Non-Tech : Iomega Thread without Iomega

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To: grasshopper who wrote (9814)	5/12/1999 12:49:00 AM
From: Gottfried	Read Replies (3) of 10072

grasshopper, it's pretty serious sitting on 10k shares. TA doesn't really predict with certainty. But somebody is accumulating this stock quietly and doesn't want it to go up until they are done. That's only my GUESS. I have another stock, WMAR, that behaved similarly: big peak in January and then a drop and sideways motion. Now it's rising. [see chart]. Every stock is different. I only mention WMAR to say a long period of sideways movement CAN be followed by explosive up movement without much news to account for it. I am NOT saying this will happen to IOM. But ask yourself why IOM has stood fast around 5 so long. That shows nobody wants to sell at a lower price. I do hope IOM is not a very large percentage of your portfolio. Lets say it goes back to 8 within the next 6 months. That's a 60% gain from 5. Can you invest the money elsewhere and be sure of that size gain? And I think 8 can happen in that time frame. Gottfried Here's the chart comparing IOM and WMAR techstocks.com and here they are separately iqc.com

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