Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KM who wrote (46643)	2/3/1998 3:59:00 PM
From: Michael Coley	Respond to of 58324

RE: 50% Retracement? Truff, >> I still look for that 50% retracement (up to 10.25 - 10.375 or so), but when, I couldn't hazard a guess. << Tell me more about retracement. I've only seen one stock where I recognized a retracement (probably because I've never watched for it before), and it was a 100% retracement (followed by a huge decline). The stock [not IOM] traded from $11 up to $23 over the course of a year, announced bad news, traded at $16 for a few weeks, then gradually went up to $18, was upgraded, and almost immediately went to $23 3/4. I bought at $16 (after the bad news) and sold at $23 just 45 days later. Very lucky, considering it was my first stock purchase ever. Also, I just looked at a couple stocks that had really sharp drops in the past six months (ORCL and CS) and couldn't find any noticable retracement. Curious and Learning, - Michael Coley - wwol.com