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


To: Ben Antanaitis who wrote (1453)6/4/1998 12:16:00 PM
From: Rocky Reid  Respond to of 1511
 
>>Unfortunately, that will prompt more pontifications from certain people....They possess the true insight and everyone else is going to hell. Makes you laugh, but a little sadly.<<

The only thing sad here is the fact that Iomaniacs married a hyped-up stock, and are now stuck with a pig lying in bed with hair curlers, inch thick corns growing from wrinkly toes, and blue face cream smeared all over a rapidly degenerating visage, all the while nagging "BENNY! BENNY! Get your worthless ass over here and clip my toenails!"

This image is what makes me sad.

Oh, BTW, IOM is still on course for $4.80. Near what Support line does this level occur based on your latest PnF charts? Thanks.



To: Ben Antanaitis who wrote (1453)6/5/1998 12:25:00 PM
From: Herb Fuller  Read Replies (2) | Respond to of 1511
 
Ben , Re:>>>, since this appears to be a manipulated move, by one or two professional short sellers, or a competitor, or a combination of short seller and competitor, <<<

Ben , what do you see in Iom's chart or market action for you to believe the above ?

Iomega's fundamentals have went south for several reasons and their 98 sales are in question at this time. Iomega will probably post a loss for the year but with that being said if their sales go to 2.4+ billion in 98 the market will overlook the lack in earnings and reward Iomega for the sales increase .

Herb