Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Stan Walker who wrote (9852)	10/23/1996 2:07:00 PM
From: NoName	of 58324

It is the common belief that the specialist and MM's are supposed to create an "orderly market" and its what the NYSE had in mind and NASDAQ, I'm sure when they created the role of the Specialist and MM's. However, that is just the reason the market is rigged because they buy and sell for their own accounts, coupled with the fact they have control over the stock price (for reasons I gave in my last post) it is much too tempting to not make a fortune this way. I don't think the MM's lost control of IOMG. I believe IOMG had such a hugh run-up and decline was becasue the MM's had accumulated so much stock before IOMG became "big" at $2 or less a share and subsequently had to run the price up to such levels and publicize the stock enourmously to unload. Then it declined with just as much volume and ferocity as it ran-up so as to accummulate shares. Obviously, everybody knows about IOMG now and the MM's had to be more subtle now in how they take the stock up from now on. This is why IOMG didn't respond to good news on its way down becasue the MM's were still in the accummulation and short cover process and were not about to lose money on all their short sales.

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