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


To: E. Graphs who wrote (1325)1/19/1998 8:26:00 PM
From: Herb Fuller  Respond to of 1511
 
E. , Re:>>>What do you think of IOM's chart action<<<

E , I have followed charts of fast growing companies for more years than I would like to count .

Iomega has shown , in IMHO , that it has what it takes to be another IBM in it's earlier years . Microsoft and Intel has taken the spotlight in more recent years in the fast growing companies during the last ten years .

Going forward we , IMO , will see companies like Iomega take the spotlight away from the older leaders going into the next period in time . The older leaders can expect a slower growth going forward because of there size and ability to grow in excess of the industries
growth rate .

Iomega has a great future ahead of it and IOM's monthly chart has been telling us all along how great Iomega is and how well it will be doing in the future . It continues to give us monthly higher highs and higher lows . I think this pattern will continue going forward into 1998 and beyond .

My guess for a high this year is $26 . What is your guess ?

Long IOM ,

Herb



To: E. Graphs who wrote (1325)1/19/1998 10:50:00 PM
From: Gottfried  Read Replies (2) | Respond to of 1511
 
E.Graphs, I see the monthly chart is not adjusted for the split.
Weekly and daily charts are. So you look for higher monthly highs?
Question: if I chart a monthly on 1/15, then I get a different
high than I would get on the 29. No? I assume a "month" is
approximately the LAST 20 trading days - not calendar months.
Herb, can you also comment on this, please?

Gottfried