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

To: Senthil Sankarappan who wrote (35914)	11/15/1997 2:56:00 PM
From: Teddy	Respond to of 58324

RE: RS i have my guide to understanding the IBD numbers right here, it says: "The Relative Strenght (RS) Rank, found exclusively in Investor's Business Daily's stock tables, compares a stock's price performance over the past 52 weeks to that of all other stocks. When screening for the best performers, we suggest you look at stocks with an RS Rank of 80 and above. i think it means that IOM out performed 86% of all stocks over the last 52 weeks. But, past performance is..... well, you know.

To: Senthil Sankarappan who wrote (35914)	11/15/1997 2:57:00 PM
From: Gary Wisdom	Respond to of 58324

Senthil, the RSI in IBD is not the same as RSI in technical analysis Now, having said that, I'm pretty sure IBD uses an RSI number based on their criteria. Truff is right, when RSI gets high, watch out. However, that doesn't always hold true. Just look at the chart for AOL. Point proven. Momentum investors like to make idiots out of technical traders. However, Iomega is not AOL - thank God. P.S. I was not arguing with your earlier post. I agree with you. As I posted earlier, the only reason I was upset with Friday's action is that it made my P/L statement look worse for the weekend. Otherwise, on the extremely low volume, Friday's price action means absolutely squat. Almost as little as the action on Syquest on Friday. Up 11/32 on 1.5 MM shares. Give me a break. Watch it get slammed again next week. BTW, I was tempted to short it @ 3.88 yesterday, however, I will wait to see if Syquest gets any boost from Comdex and then will short it. Rocky should get a chance very soon to buy it back, per his earlier post, @ $1.