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

To: D.J.Smyth who wrote (43594)	1/16/1998 12:07:00 AM
From: KM	Read Replies (1) \| Respond to of 58324

Darrell: What'd you think of the RMBS action today? Any position currently?

To: D.J.Smyth who wrote (43594)	1/16/1998 1:29:00 AM
From: stock bull	Read Replies (1) \| Respond to of 58324

Darrell, it should be fairly clear by now that the world markets don't affect IOM. The stock sits their and does nothing. According to the charts, it seems to be building a base. This process may take some time to complete. The question is which direction will it move when it brakes from the base...up or down. I think it will take some kind of event to move the stock. For example, blow out earnings, some major new OEM order, some competitor going out of the business, etc. I think the two major problems with the stock are: (1) To many shares outstanding, and (2) the stock is a risk considering all the competitors and other technologies out there. The institutions have other stocks to buy with "less" risk. Wishfull thinking isn't going to move the stock. Stock Bull PS: A better indicator of the US Market is the S&P futures. You can check the futures the evening after the market closes. Here's the link: cme.com