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

To: RealSmith who wrote (1443)	5/20/1998 12:46:00 AM
From: Rocky Reid	Read Replies (1) \| Respond to of 1511

>>What indicator(s) convinced you to buy IOM at this point? The Stochastics seem very positive now.<< The T/A used in buying IOM was secondary to the news release over the weekend concerning CPQ/IOM projector thingy. This to me marks the initial attempt by Iomega to start the Vapor! Hype Machine in motion. For weeks now, I have openly discussed my strategy of riding Vapor! news hype up to about $10 or $11 (assuming it gets there). Once it is at or near official release, I will dump everything. IMO, Vapor! will not live up to near what Iomaciacs think it will. Nor do I share their optimism for its long-term prospects. In a year, when internal Vapors! may be released in OEM's, Flash prices will be much lower, following their present pattern of rapid price decline. The year after next, Flash will probably be on par in $/MB, and this is beside the point that Flash is inherently more reliable, more power-saving, and faster than Vapor! And, presently, there is a glut in portable storage. Inventory in Flash Cards has been high, and earnings have suffered in the portable storage sector. The market is just plain saturated.