Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Linda Pearson who wrote (37521)	11/26/1997 9:13:00 AM
From: Michael Coley	Read Replies (2) \| Respond to of 58324

RE: Resistance at $35? MARKET TIMING Linda, >> I **Think* that due to the particular level,,,the secondary...the shorters (like Meyer Berman who will hold until Iomega short for years---I don't know if he's covered, but, that's his philosophy)... << >> There could actually be a burst through due to short covering ...Possibly those that were slick enought to short above this level and feel their socks will get knocked off. << >> This is just an instinctual feeling, which has helped me in the past....Everyone can say I told you so if I'm wrong. It's OK. << I'm not sure I understood which way your insticts were leading you. (Okay, okay, I'm a guy--I'm not supposed to understand, am I?) Are you saying that there will be resistance, there won't be resistance, or that there will but that we'll break through it? - Michael Coley - i1.net