Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Wisdom who wrote (33939)	10/29/1997 10:46:00 AM
From: Gary Wisdom	Read Replies (1) of 58324

Guess what's happening today? Maybe, our time has finally come. Consider this: O/S shares: 130 MM Float: 87 MM Today's action: Price going up on relatively benign volume Could it be that finally the # of shares in the hands of traders is diminishing and the number in the hands of long term holders (institutions) is finally at the point where supply is low? If so, we can expect some very good price appreciation over the next several weeks. Keep in mind that with 4 MM shares trading each day, there has to come a point, as long as we're seeing institutional interest, that the active float is so low that the selling pressure subsides substantially. Just a happy thought for the day.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next