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

To: Ben Antanaitis who wrote (52362)4/13/1998 2:20:00 PM
From: RetiredNow  Read Replies (2) | Respond to of 58324
 
Ben, my technical skills are weak, but from the chart I'd say that its the daytraders giving this stock momentum today. When the stock's RSI hit 20, that may have been a buy signal for some daytraders. But from the volume I don't think there are any big guys in play. That leads me to believe this rally will not sustain itself. After earnings announcement, we'll see a retrace, maybe even to new lows of $5 or so..

What do you think?



To: Ben Antanaitis who wrote (52362)4/13/1998 2:30:00 PM
From: Herb Fuller  Read Replies (1) | Respond to of 58324
 
Ben , Re:>>> What do you think of this chart? <<<

Ben , the volume spike is what I like about your chart .

Like they say " follow the money " .

Herb


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