Any info about Iomega (IOM)? Message Board

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

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To: Rocky Reid who wrote (44181)	1/21/1998 3:56:00 PM
From: Chucky	Read Replies (1) of 58324

Rocky, "it is the Mutual Funds who can really take a stock into the stratosphere." You have a point there, and since IOM still has a relatively low percentage of institutional ownership (~20%?), there is plenty of room for big buyers. And if the little guys hold, the institutions will have to bid up the shares to get them. "I believe it is individuals who are driving up the price right now (evident by the low volume and small trading blocks). Individuals get frustrated and bail a lot quicker than Mutual Funds." I always thought individuals were less likely to trade, hence the smaller volume. If the individuals own all the stock, and they are all bailing, how come there isn't a lot of volume? Who is holding all the stock? "IOM has a history of (in order): pre-earnings rally, stagnation, individual frustration, and bailing soon after earnings. It is this reason I am getting out while the getting is good." "individual frustration" Is that the reason you are getting out of the stock? Later Chucky

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