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


To: Herb Fuller who wrote (1462)6/5/1998 12:35:00 PM
From: Ben Antanaitis  Respond to of 1511
 
Herb,

If you look at:
207.95.154.130

you will notice (and this really showed up in the 1 minute and 5 minute intraday chart) that this 'spike' down occurred within minutes of the 're-release' by Nomai of the prior weeks news. It also coincides with a renewed attach on IOM by Greenberg, who admits he gets his info from professional short sellers. Someone either paniced when they were told, or someone(s) timed their sales to spike the price coincident with the Nomai 'press release'.

Like I said JMHO,

Ben A.
pipeline.com

PS I posted the latest IOM EZ-PnF point and figure chart.



To: Herb Fuller who wrote (1462)6/14/1998 12:12:00 AM
From: Herb Fuller  Read Replies (1) | Respond to of 1511
 
Re:>>> Interesting Point of View <<<

Russell 2000 Index closed below its 200-day moving average - a bearish sign, an indication that many of the small cap stocks are down substantially. Next level of support is at 435. 30-year Treasury bond yield closed at 5.66%, slightly below January low. Lower yields are likely to provide support to stocks.

trading-ideas.com

How much farther can the tech stocks go down before we see a bottom ?

Can the drop in interest rates be enough to to stall the trashing of the tech stocks ?

We know that sales are soft at this time and this is the excuse the traders are giving for this down market . But that being said , I believe that there are many good companies that are being trashed today that will be real winners in the next up market .


Good luck to All ,

Herb