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: s. bateh who wrote (45165)1/23/1998 9:04:00 PM
From: STEVE SMITH  Read Replies (1) of 58324
 
<if the stock was so bad and this was not just an overreaction they why did they not trash it today with over 47mil traded>

Good question and I've been puzzling over it all afternoon. 47 million represents in excess of 9X Iomegas average volume. Obviously the bulk of the sellers (and buyers) are institutional but who are the buyers really - funds that feel now is a good buy point or is it possible that Iomega is buying back large blocks? Anyone have any thoughts?

Steve
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext