Any info about Iomega (IOM)? Message Board

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

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To: Paul Angell who wrote (33811)	10/28/1997 12:41:00 PM
From: Gary Wisdom	Read Replies (2) of 58324

Volume update: 9:30 AM PST Open: $22 1st hour: 1.6 MM shares Price: $24.5625 2nd hour: 1.2 MM shares Price: $25.50 3rd hour: 544K shares Price: $25.125 Volume slowed the last hour, but 100K share block traded 5 minutes ago. Some dumb dumb keeps placing a lot of shares at the ask and some genius keeps buying them. I hope that those of you interested in these posts have read my earlier posts about the pattern of trading in this stock. Time and time again, the big buyers use patience to buy. When stock went to $25.875, they sat on the sidelines, waiting for it to come back down. Then, they bought. Don't fret about Iomega. I believe this pattern will continue for a long time. The good news is I feel the institutions are buying this stock, reducing greatly the amount of stock for sale. When the market recovers, IOM will go up, up, and away into the 30s, and then the 40s.

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