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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (3810)	11/10/1998 7:40:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 10072

>. The stock is in a major longer term upswing. 200 day MA broken to the upside, industry firming.<< Actually, Iomega has merely blipped up along with the rest of the drive makers. Nearly all of the drive maker's recent charts look identical, all maxed out near their recent highs. However, no breakout of this range has occured. SEG's chart is probably the best example of this. And I expect this latest top to again be a great disappointment to drive maker investors. Besides, after the hooplah of Comdex is over, Tax selling will undoubtedly set in and take IOM down along with it.