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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (11752)	2/1/1998 11:09:00 PM
From: milesofstyles	Respond to of 79270

thanks for your time doug , i was hoping there was some good ops in these at this point based on the formations,i guess my initial response of them being overbought had a little validity to it , it looks like the best may be to watch them for now, it was my understanding that these were pretty powerful formations, especially when they show on a weekly chart, trying to get a grasp of the daily formation and appreciate your input and comments

To: Doug R who wrote (11752)	2/2/1998 11:32:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 79270

I Bought Iomega (IOM) Doug and All: I bought IOM today... Thechnically, all indicators are heading up... There is a nice "Reverse J" formation of MACD, Time Segmented Volume, RSI, and Stochastics... MoneyFlow has turned positive... Here is some recent news: biz.yahoo.com biz.yahoo.com biz.yahoo.com I believe the recent downgrade by Needham has already been discounted in the price... Iomega continues to be the world leader in the Zip drive area... Here is the chart: iqc.com. iqc.com. I see a short term move to the 12.00 area, and an intermediate term move to the 16.00 to 18.00 area... Here are some Fundamentals... EPS est's are .63... A P/E of 20 puts the stock price over 12.00... A P/E of 30 puts the stock price over 18.00... dailystocks.net Jim