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


To: HardMoney who wrote (37874)11/30/1997 4:59:00 PM
From: isdsms  Read Replies (1) | Respond to of 58324
 
<<Has anyone paused to think about what IOM stock would look like technically, and what the mood of
the market would be towards it, if the stock were to finish up tomm. on say 5+million volume?.....If
this stock closes up tomm..........well IMHO...we have lift off!!!!!!>>

I for one sure hope not! I am frothing at the mouth and can't wait for tromorrow to get here. I plan on covering calls, buying calls, and purchasing stock for my trading account. Thank you Barrons!! Christmas comes early.



To: HardMoney who wrote (37874)11/30/1997 5:07:00 PM
From: Richard Smith  Read Replies (1) | Respond to of 58324
 
here is my take as to why iomega is going up tomorrow.
1)most people took profits, i.e. i sold the excess shares i had last week and i am confortble with what i own.

2) if there is some selling pressure, the buying pressure will outweight it. because momentum players are getting in to play the split.

3) what's even better is that right after the split we have the earnings play.

4) couple all that with overall market christmas rally and we are in for a nice rally.

5) the market is taking a wait and see in regards to competion, iomega has killed too many of those before.

yahooooooo!!