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Non-Tech : Any info about Iomega (IOM)?
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To: Mama Bear who wrote (9510)10/20/1996 9:49:00 PM
From: Andy Chen   of 58324
 
the point is once the stock splitted. you have to take more shares in consideration.

say if a stock is trading at 60 bucks. after a 3-for-1 split it becomes 20 bucks. psychologically that creates a *cheap* image. that makes the stock harder to drop. say if it is 60 and it drops to 30. you get a feeling it may go to 10 or 20. but if it is 20 drop to 10, the stock looks cheap in single digits. a lot of un-informed buyers simply buy something cuz it *looks* cheap.

after that quick & gigantic run-up for IOMG, it was natural to see them split. cuz people are used to seeing IOMG under 20.
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