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: FuzzFace who wrote (41858)12/31/1997 4:15:00 PM
From: FuzzFace  Read Replies (1) of 58324
 
I enjoy watching a stock like IOM close on days like today. There was a tight spread with big, fairly well matched sizes on the bid and ask. Then when 4 pm rolled around, they disappeared without any significant trading, and the spread widened. It's like two armies batlling it out in the trenches 100 yards apart. Then, by gentleman's agreement, they call it quits at tea time, and both retreat to the safety of the barricades 300 yards back.

One explanation is that they are day limit orders expiring unfilled, leaving the GTC orders to do guard duty over night. I suppose this is why many people say not to assign any importance to the phenomenon.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News