Iomega - A Civil Discussion Message Board

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Non-Tech : Iomega - A Civil Discussion

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To: Trakker who wrote ()	3/12/1997 5:24:00 AM
From: Stan Walker	of 1908

RE: Opinion on overall market............From reading the "other" thread one might get the impression that IOM is the only stock that is down. This, of course, is not true. The carnage is everywhere. Many once high flying, high priced stocks are reduced to small fractions of their former prices..............My broker sent me a chart the other day. The first line on the chart was the 100 largest companies on the Nasdaq. It's line has been rising dramatically since July. The next line was the Nasdaq and it, too, was very high. The really interesting part was the Nasdaq composite with the 100 largest companies removed. This line was in the toilet. These 3 lines tracked each other pretty closely until July of last year when the divergence started that has led to IOM at 15 and has people on IOM threads and other threads wondering "what's going on?".............I believe this divergence is a sign of things to come but I'm not sure what that would be. It could mean that we really are fools, and not just the Iomega kind either. Or it might be heralding a new beginning (the image of a charred forest comes to mind). Personally, I like the second scenario more but it's not like we get to choose the outcome. Regards, Stan.

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