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Non-Tech : Any info about Iomega (IOM)?
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To: Bill Fischofer who wrote (44642)1/22/1998 9:43:00 PM
From: Y. Samuel Arai  Read Replies (2) of 58324
 
> One more comment about after-hours trading, however. The term
> thin refers to liquidity, not volume. Because there are
> relatively few participants in after-hours markets the only way
> to move a sizeable amount of stock in a thin market is at a
> substantial discount or premium to the regular market price
> (depending on whether one desperately wants to sell or buy).
> Obviously someone desperately wanted out of their IOM position
> after the close and paid dearly for the accommodation. Until
> normal trading resumes at tomorrow's open we have no way of
> knowing what the real reaction to earnings will be.

Yes...and unfortunately it could do the same thing ORCL did after their bad earnings...fall further below the after-hours trading range
(Closed Dec.8th at around 32 1/4, quarterly announcement was made, after hours traded around 27, opened Dec.9th around 24 and closed below 23. They are now at 19 and change.)
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