Any info about Iomega (IOM)? Message Board

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

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To: s. bateh who wrote (45184)	1/23/1998 10:35:00 PM
From: jwk	Read Replies (2) of 58324

>> ....dropped over 4 in after hours with 1.5mil traded and would not move today with over 47 mil traded....<< Amen to that. Amid all the recent noise and gnashing, this indisputable fact sits like an inscrutable 800 lb. gorilla in the midst of a lot of foggy assumptions. Something out there today bought ~47,000,000 shares. The sell-off happened after hours yesterday. How can today's buying be accounted for? ~12 MM if all the shorts covered ( how likely is that?) ~5-10 MM if all the little guys jumped in with their 401K $. Something happened today in the market. It scares me. But, I like it. I was just sitintg here imaging that I was a huge fund manager. Could I lube the slide by dumping big in the afterhours and then sit at the bottom of it the next day and refill my basket with shares people were thanking me for taking off their worried hands at a ~30% discount to the recent price. Even if I could, why would I unless I knew something very positve about near term prosects. Well, imagination is cheap (cheep to you RS). Nice to know this kind of thing would never happen in the real world.

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