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

To: Olu Emuleomo who wrote (5279)	12/21/1998 5:04:00 PM
From: D.J.Smyth	Respond to of 10072

I think you're right Olu. $11 is conservative.

To: Olu Emuleomo who wrote (5279)	12/21/1998 5:16:00 PM
From: D.J.Smyth	Respond to of 10072

Actually, Olu, kidding aside <<$12 is the neckline of the head-and-shoulders pattern that caused IOM to crash>> IOM closed at about $14 1/2 prior to the earnings report being made public last year. It opened the next day at $9 1/2. There were no market trades placed bw the close and open; i.e., a gap run from $9 1/2 back to $12 to $14 is possible. The head and shoulders was created by the specialist to lessen the shorting. Of course, it only stirred the pot and caused more shorting anyway, justified or no. IOM needs to close above $10 to follow the tracking through to $14 to $16.

To: Olu Emuleomo who wrote (5279)	12/21/1998 10:50:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 10072

Good point Olu... I have 12 3/4 to 13.00 as trendline resistance... This Ascending Triangle breakout takes IOM up to test that trendline... Jim

To: Olu Emuleomo who wrote (5279)	12/21/1998 11:34:00 PM
From: HardMoney	Read Replies (2) \| Respond to of 10072

I respectfull disagree. Last Jan.(bloody jan.) the stock actually closed at $13.25 the day earnings were released. But for some reason the NYSE let stock continue trading on Instinet way after the earnings release. So you see the chart looks a bit deceiving. It opened the next morning at $8.75.......therefore, IMHO, there is a gap to be filled at 13-13.5 range.....I believe Q4 earnings will get us there, but unless they are very strong or another big "House" give a rec.....I don't think we break much above there until Q1 earnings...if they are good than the overhead supply of stock will be consumeed by greater demenad and the stock will move towards the $20 range by mid july when Q2 is reported. Just my humble opinion, assuming no unforseen news...positive or negative....of course at this point with the proscpect of new clik! oems and the further inclusion of Zip i.e., the rumored new Apple Yosemite line of desktops..rumor......no floppy just a Zip....standard........the probabilty of positive news is greater than the possibility of negative news. Frank