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Non-Tech : Trading IOMEGA based on technical analysis -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (1274)	12/13/1997 2:46:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 1511

E. Graphs, I had a tight stop on EGLS, but got nailed on SFAM. I've been experimenting with some charting tool which "predicts" stock prices. It did "predict" a downturn for IOM, but not quite this big. Now, it "predicts" IOM to be flat over the next few weeks -- not that I for one minute trust it. In the past I was 150% in IOM (completely margined), but now I'm more diversified (about 5% in IOM), and have plenty of cash to average down. I guess IOM could pop down in the lower 20s, although I was surprised the last time that happened. I recall a week or so ago that someone had indicated that Soros & Co. had sold part of their holdings. Do you know how to monitor or obtain such information? The only thing that would concern me now is for Steve Wiz to start posting that IOM is a strong buy. Peter