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

To: FuzzFace who wrote (36777)	11/21/1997 12:14:00 AM
From: Dave Krishna	Read Replies (1) \| Respond to of 58324

Edwin, There seem to be so many people waiting for this pullback, that it just might not happen. I would not mind either if it did since my AMTX just got bought out and the $$$ needs to find a new home. However, it seems whatever the majority opinion is, the opposite usually happens. We'll soon see. Regards, Dave

To: FuzzFace who wrote (36777)	11/21/1997 9:31:00 AM
From: SR/WA	Respond to of 58324

Edwin: The stoch "indicates a strong upward bias" BUT no T/A indicator should be considered by itself. U might or mite knot want 2 consider the following from the "Right Line Split Report". A Gap Open Trading Tactic The stock must gap open to the upside on a split announcement, positive earnings, a brokerage upgrade, or strong buying in the stock's sector. Ideally, the stock should gap above the previous day's high. The stock should be a relatively strong issue that is in an up trend and/or rebounding off significant price support, a major moving average (like the 50MA or the 200MA), or a well defined trendline. Preferably, the company should be in a very strong group. Once the stock has gapped open to the upside in the morning and has traded for a complete half hour, the entry point at which to buy will be 1/4 above the high of the 1st half hour. In other words, the stock can only be bought after it has traded for a complete half hour, and then only if it manages to trade 1/4 point above the highest price of the first half hour. (NOTE: For aggressive traders, you can adapt this to the first fifteen minutes. Realize that you add more risk to the trade by shortening the evaluation time period. Conversely, traders who are less risk prone, should use 45 minutes to one hour.) The ideal situation occurs when the break above the 1st half hour's high happens several hours after the 1st half hour of trading (mid to latter day). Also, should the "gap open" take the issue from below to above a significant moving average like the 50MA or 200MA,consider it a very bullish sign and therefore an extremely compelling play. We all know that no strategy can ever be 100%, but the above guidelines have helped us capitalize on strong stocks that would have been missed due to them opening the day for trading significantly higher than their previous day's close. Iomega (IOM) - We wondered if that old momentum that used to drive Iomega so strongly would still be there. The answer is yes and no. It has reacted well to the split announcement, but not like last years amazing run. This week IOM has moved ahead quite crisply, up from 28.687 last Friday and up 1.12 to 32 today. IOM has now broken out cleanly to the upside and set a new recent high today. It hasn't shown an indication that it is ready to enter the dormant phase yet. Looks strong and is getting stronger. Ken