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Non-Tech : Any info about Iomega (IOM)?
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To: Roland Fehrenbacher who wrote (41250)12/22/1997 2:09:00 PM
From: Sabrejet   of 58324
 
when you BTC, you are buying the stock back from someone else, to give those shares to a person whose shares you sold(without them knowing!). investors pay the ask price to obtain shares, correct? i am referring to those of us who buy shares on the open market.

from the other side of the issue, you are correct. when i sell, someone buys at that price BUT pays the premium (thus the ask). my point was all those shares short were not covered without a premium.

sc
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