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


To: KM who wrote (41818)12/31/1997 12:21:00 PM
From: E. Graphs  Read Replies (1) | Respond to of 58324
 
Hi Trufflette,

RE: TA on IOM

Seems like you've traced a H&S with right shoulder still to go here. I saw this too, and imho it would be a H&S consolidation formation rather than say a top reversal. I also see resistance at 15+- and support at 12+-. I will defer to Ben's P&F charts for the exact numbers (if he agrees on these levels!). Money flow has turned positive now, after some probable tax loss selling and most likely some reallocationing of funds after the split.

I did take some gains earlier this year, but now I'm back in at 100%+ of what I usually hold of IOM, and if we break resistance near 15 I'm expecting to see new highs.

Good luck trading!
E