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


To: Teddy who wrote (43344)1/13/1998 8:14:00 PM
From: KM  Respond to of 58324
 
Teddy: It has a beautiful head and shoulders pattern, but I tbink that right shoulder may grow a few hairs tomorrow <gg> Sometimes they fail.

I'm sure it will gap open tomorrow morning, maybe over 80 (gosh, that sounds good!) Sure, buy a little. Just don't chase it. Maybe for a shorter term trade, buy INTCW instead ($21 cheaper per share). You just have to convert it or sell it by March of this year.



To: Teddy who wrote (43344)1/13/1998 11:44:00 PM
From: Naggrachi  Respond to of 58324
 
<<Truff, what would you think about me buying a little INTC? Do you have a buy/sell target?>>

Isn't kindda too late to buy INTC? Where were you guy's $8 ago? Wait for another asian bank to collapse along with a 10% market losses oversees before you buy. The Asian crap is not over. In my opinion, buying the first thing tomorrow morning would be a mistake. Profit taking is likely to take place around midday and the Asian doom and gloom is likely to comeback when least expect it. Call me Krazy (I know Gary, it's spelled with a C. :-)), but, that's what I think.

As to IOM and the price movement, I agree with Cameron D., the stock is moving along with market %wise. CSCO is in the same boat as well. It just split recently and has been hovering around the mid $50's ever since.

Zead