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

To: vinod Khurana who wrote (1478)1/19/1999 9:46:00 PM
From: go4it  Respond to of 1511
 
vinod,

I see what you see in the charts but I have also been trying to determine what the added buying pressure of a short covering will do to the stock price. If that begins to occur then I believe the price action will not hold to the charting pattern. I will take profits on the way up but am hesitant to put a price limit on it until I see the price action put in a top. What are your thoughts on this? Will you sell at predetermines levels or wait for a top?



To: vinod Khurana who wrote (1478)1/26/1999 4:29:00 AM
From: Rocky Reid  Read Replies (2) | Respond to of 1511
 
>>IOM short term target is $13 according to my charts and $16 over the next six months.<<

You Iomaniacs are a laugh-riot. IOM is now $7 3/4 and falling faster than a broken elevator. Shorts own this stock and make a mint off of Iomaniacs-- especially like the ones here who post clearly ridiculous price predictions.


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