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


To: FranW who wrote (47286)2/9/1998 12:00:00 PM
From: FilerBill  Read Replies (2) | Respond to of 58324
 
<<When I see a big change in price, along with a big surge in volume, I don't assume it's either smart money or dumb money. It's just money, and it's really more important what happens the next few days after this big surge. If the price stays the same or even drifts down a bit, but on LOW VOLUME, then I'd be inclined to jump on board. However, I'd do this only if the big move had cleared a good solid area of congestion, and the price stayed above that congestion. The same is
true for a big selloff. The safest time to jump on board is the next few days after the big surge, and then only if the volume drops off>>

IOM seems to be building a moderately strong base above 10. It'll be interesting to see who loaded up under $10, and if it holds they may mean business.