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Rajesh,
You have a good point here. Iomega moved production overseas to take
advantage of cheap labor. As soon as they miss one earnings estimate
look out. So how else will they improve the bottom line. Raise
prices-thats a joke. You know the competition won't let them.
Harley
Rajesh wrote:
> Fundamental outlook :
>
> IOMEGA : Will soon become a HAS been stock. Doesnt hold much Future.
> Expect SYQT to go UP. Technology is changing the next tech to be
> introduced shortly is that of a Hard disk on the size of a Credit
> Card.
> You carry the card , No need to carry the computer. Just punch in your
>
> Card (size hard disk) into computers (available in every Hotel rooms
> etc) and start working.
>
> Backup for large businesses : Somewhat the same technology and more.
>
> I have not seen the chart but I see it sliding down
> ...............Will
> see the chart later to see if I am wrong.....
>
> Rajesh
>
> Guy Gordon wrote:
>
> > Jim,
> > IOM hit 26 today. I'm looking to buy Jan Calls on Friday.
> > Do you think the 25 or 30 Calls would be better. I'm leaning
> towards
> > the $30 out of money calls.
> >
> > I had IOM in one channel from 3/25/97 thru 10/2/97. The bottom of
> > that channel coincided with the 50-day MA.
> >
> > On 10/2/97 the 50-day MA bent and IOM started moving in a new, less
> > steep channel. I draw the top of the new channel through the highs
> of
> >
> > 9/19/97 and 12/1/97. I don't have a firm bottom to the new channel,
>
> > but I think it's around 25.3. The problem with drawing the bottom
> is
> >
> > that I'm not sure the opening price on 10/28/97 has much validity.
> > For now, I'm drawing the bottom as a line thru the low of 10/7/97
> and
> > parallel to the 50-day MA.
> >
> > I don't think these correspond to the channels you draw. care to
> > comment?
> >
> > On Tue, 9 Dec 1997 14:40:59 -0500, Jim Greening wrote:
> > > I was busy this morning so left a market order to close my IOM
>
> > >position at the open. IOM had bounced off the top of its
> > Intermediate
> > >Term Up Trend Channel (ITUTC) early last week and broke out of the
> > >bottom of its Short Term Up trend Channel Thursday. If finally
> > closed
> > >below my stop yesterday. I had a profit of over 60% since taking
> the
> >
> > >position in April plus several covered call profits along the way.
> > > I still like IOM and will be looking to re-enter on a bounce
> off
> >
> > >the bottom of the ITUTC or a break out of the new Short Term Down
> > >Trend Channel.
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