SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gary Wisdom who wrote (38348)12/3/1997 4:24:00 PM
From: Gary Wisdom  Read Replies (2) of 58324
 
What a GREAT day!!!

What you say? We were down $1.25.

But, I say, we were up $.8125.

While the ask size was big going down, very little volume took place going down. The big volume was all on the up side. From $30.6875 (the bottom) to the close of $31.50, volume = 761K shares.

In summary:

First 20 minutes: down $1 on 330K shares
Next 4.5 hours: down 3/8 on 1.2 MM shares
Next 30 minutes: down 1/2 on 260K shares
Final hour: UP $.8125 on 750K shares

Now, you tell me, what conclusions can you draw from these numbers?

They are not bad at all. It's the shorts last ditch effort.

They are going to get very, very squeezed.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext