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Non-Tech : Any info about Iomega (IOM)?
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To: Sam who wrote (9918)10/23/1996 11:48:00 PM
From: Andy Chen   of 58324
 
DNA could be an example of high P/E stock on the NYSE.

I was short DNA when it was at 85/share. it went to 100+ after that. i was forced to cover out at 95. and now it's back to where it belongs, after the buyings dry out.

i doubt it is the specialist who sent it up flying. cuz there were some MF buyings when it was in the 90-100 level. otherwise, it wouldn't have gone up there in the first place.

stock supply/demand can send a stock flying, no matter it is in NYSE or NASDAQ.
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