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

To: Michael Coley who wrote (37523)	11/26/1997 9:17:00 AM
From: Linda Pearson	Read Replies (2) \| Respond to of 58324

Michael, <Are you saying that there will be resistance, there won't be resistance, or that there will but that we'll break through it?> I'm saying that I don't think there will be any resistance at all. $35 will be more of a catapult than a hinderance..... My opinion.............. Linda

To: Michael Coley who wrote (37523)	11/26/1997 9:21:00 AM
From: Roland Fehrenbacher	Read Replies (1) \| Respond to of 58324

RE: Resistance at $35? Judging from the chart, 35 should not be a major resistance point, but rather 39-40. That was a critical level which provided some support before the major decline of IOMG last year. 35 was not a critical level. The only reasons I can think of why it will provide some resistance is (i) because it is a round number and (ii) because at 36 we are crossing a trailing P/E of 50. But I believe the momentum might be strong enough to blow us past that to the major crack point of 39-40.