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Non-Tech : Any info about Iomega (IOM)?
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To: Linda Pearson who wrote (22620)5/13/1997 2:15:00 PM
From: Bill Fischofer   of 58324
 
Re: Block Trade

There is only one possible interpretation of this "news item": It is a plant by a desparate short trying to scare the retail investor.

Do you think Reuters considers a lousy $5.4 million trade a newsworthy event? Do you realize what the Reuters tape would look like if they put out a bulletin for every block trade crossed by Goldman (let alone the entire Street) each day?

Somebody is getting very nervous, and it isn't the longs here.
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