Any info about Iomega (IOM)? Message Board

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

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To: Robert Stone who wrote (2807)	6/12/1996 4:16:00 AM
From: Guy Gordon	of 58324

Robert: If you want my two cents (and probably not worth even that), today's drop was profit taking. IOMG rose $6 on good news about IBM and the H&Q earnings estimates. The next day there were two trades of 1 million shares, and two of 75,000. I think this stock has changed in a major way. Up until May 20 (just before the split), IOMG was owned by individual investors. They love the stock, don't sell it, and buy on the dips. This caused a more-or-less steady climb up, with only limited lows. The new owners of IOMG are institutions. They are not holding it for years, or even months. These guys buy on good news or rumors, and then sell the next day. And they do it in big chunks. I think we small investors will just have to put up with the waves they make. I am holding my IOMG for the long run.

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