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

To: Raven McCloud who wrote (1430)	4/24/1998 11:11:00 PM
From: Ben Antanaitis	Read Replies (1) \| Respond to of 1511

All, IOM May'98 Options Analysis updated at: pipeline.com Ben A.

To: Raven McCloud who wrote (1430)	4/27/1998 2:16:00 PM
From: Carl Fritch	Respond to of 1511

RE: >>The stochastics on THIS chart say IOM's due for a quick reversal downward.<< <<Buy and sell signals are generated when the lines cross...preferably when the stock is overbought (less than 20) or oversold (greater than 20).>> Yes... I agree.. at the time I wrote that response the stochastic was still about 50% and climbing without a "hint" of crossing or changing direction. It was in answer to what I thought was a totally wrong analysis. I did, however, make a mistake in the context of my response I need to correct... I should have said greater than 80 NOT greater than 20 when oversold. I'm not sure I would recommend shorting at this time... the overall trend seems to be moving up... but I do wish you good luck and thanks, Carl Fritch