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


To: jackson who wrote (8128)3/10/1999 5:12:00 PM
From: Keith A Walker  Respond to of 10072
 
Basically, there is no news and the "Street" has no patience. As are many people on this thread, I have been a big fan of IOM and long for a long time.

We need an upside surprise on Q1 results and positive acceptance of Clik!, otherwise, our investment may very well turn out to be toast.

Can only hope for a bottom to be made in the next couple of days.



To: jackson who wrote (8128)3/10/1999 5:37:00 PM
From: Cogito  Read Replies (1) | Respond to of 10072
 
Jackson -

As I've pointed out before, moves which happen on big volume are more significant than those which occur on light volume. As IOM has been drifting down in the last few weeks, the volume has been getting lighter and lighter.

It appears that today, some people hit their stop-loss points and jumped. Possibly some fairly big holders.

Unless there is some significant news, I would expect IOM to drop into the fours. I don't expect any significant news. But then, if I knew about it already, it wouldn't be news later, would it?

I've been through this before and came out smelling like a rose, so I'm going to continue to hold. This time I may buy some more at lower prices, to lower my average cost basis, but I will wait until I see some kind of clear indication of a bottom.

- Allen



To: jackson who wrote (8128)3/10/1999 5:47:00 PM
From: gil schmidt  Read Replies (1) | Respond to of 10072
 
<<I don't like what I'm seeing!!! Lots of volume and the price continues to head down. What the $#@# is going on???>>

I believe it represents CAPITULATION by IOM longs.

Sort of the reverse of a blow-off top...frantic selling by longs wanting to get out before 5 is breached.

The relatively heavy volume is indeed very ominous.

gil