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Strategies & Market Trends : Charts With An Attitude; Trading In & Out -- Ignore unavailable to you. Want to Upgrade?

To: David Graham who wrote (4140)	11/29/1997 11:46:00 PM
From: LGC	Respond to of 4701

David, Doug, Instock, Sergio, Myron, all: Is this one ready to go? I too have followed the lead up to release of their new removable drive. The share price remains low, low. It seems they have started a strong ad campaign to take market share, following what appear to be rave reviews and awards at Comdex. There must be something like huge debt, restructuring of product line, that keeps this one back. Maybe Iomega is just too big. I don't know. The float is 47 M. Avg. daily volume is large, about 3M. The chart just doesn't help me here. The two year chart looks like an oddly shaped saucer followed by a weak flag. I just don't see how they can miss making a strong recovery if the product is what it appears to be. A run at Iomega's market share should send this one on a long run, but what am I missing? Would really love to know what more experienced ones see here. Louis.