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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Bryce Elkins who wrote (58305)12/18/1999 12:08:00 AM
From: Rocky Reid  Respond to of 58324
 
>>To TA's: It looks like a major double bottom has formed. What's the interpretation?<<

First thing: This board has been dead for months and months. I suggest you try the more active "Iomega 2000" thread.

Second, my interpretation of your "technical analysis" regarding IOM is that this time you got a particularly bad vial of crack.



To: Bryce Elkins who wrote (58305)3/23/2000 9:50:00 AM
From: ArnieC  Read Replies (1) | Respond to of 58324
 
Generally a "double bottom" means it took two times for the shakeout of sellers to occur. It usually is positive for the stock and precedes an upwards trend. It is better if the second bottom is lower than the first. In Iomega's case it wasn't. This may mean the shakeout isn't complete.


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