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


To: Roger Nelson who wrote (34786)11/7/1997 11:24:00 AM
From: Gary Wisdom  Read Replies (3) | Respond to of 58324
 
Volume commentary: For what it's worth . . .

I pulled $40,000 out of the market this morning (at crummy prices too). Another in a long chain of possibly stupid moves.

However, note that volume on Iomega is drying up quickly. IMO, what this means is that if the volume doesn't come back today, Iomega will follow the market in whichever direction it takes.

While I'm not recommending selling, what I am suggesting is that you watch for weakness. Without volume, Iomega will close below $28 should the market close down 100+.

Just my opinion . . .