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


To: Spank who wrote (37530)11/26/1997 9:31:00 AM
From: Roland Fehrenbacher  Read Replies (1) | Respond to of 58324
 
> I'm intrigued by the references to IOMG's behavior last year at
> these levels(+). Is it reasonable to apply stats from then to the
> company/market mindset now?

We all agree that IOM is very different from IOMG. But they share
the same chart, and from a pure technical point of view 39-40 is
a resistance point. It is nowhere as strong as the 24-25 level though.
Anyway, TA doesn't have to be right. The other question is of course
who is willing to pay more than a PE of 55 in this kind of market
environment. Only time will tell.