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

To: Chucky who wrote (40686)	12/19/1997 5:41:00 AM
From: KM	Read Replies (1) \| Respond to of 58324

To Wally H/All: re sell signal, trading info and mea culpa On the day before Thanksgiving, my IOM chart gave a very clear (red) sell signal. The stock was at 32.5 or so and went up to 33 on the Friday after Thanksgiving, triggering another one. This was a result of its having achieved one of its Wave 5 targets on troublingly low volume. Gary Wisdom documented this lack of buying volume in his extremely astute comments virtually all the way up, which were derided by some here and complained about. Maybe next time, everyone will listen to the so-called "traders" and at least consider what they are saying. He was giving us the most valuable information for our financial well being with regard to this stock available at the time IMO. I'll bet a lot of the "long term" holders here would have sold at 32 or 33 if they knew they could buy back 10 down two weeks later. That was a distinct possibility, given the sell on the chart. I wanted to post the chart here but couldn't figure out how to do it. The next week, more were triggered as the stock started a slow decline on low volume. I am absolutely enraged at myself for disregarding these signals, both to sell my long position and to go short. I had a possible Wave 5 target of 37 and was holding out for that. I'm really sorry, everyone, I know I have been positive and upbeat through my tenure here but these past few weeks have really eaten my lunch on the long side. I really want to believe that everything will be ok here and will hang around as long as I can possibly stand it and justify it. IMO, the chart is not totally violated, but below 22, as Ben has pointed out, we are in virgin territory.