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Non-Tech : Any info about Iomega (IOM)?
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To: Michael Coley who wrote (45766)1/26/1998 11:59:00 PM
From: cruncher  Read Replies (8) of 58324
 
<<Looks like the large institutions are buying IOM>>

Hello Michael,

I downloaded every single IOM bid and ask order
for today's transactions. I then loaded the
data into MS Excel, and filtered out all buy and
sell orders greater than 100,000 shares. I then
sorted the data by time of day.

The following chart leads me to believe that most
of the large buy orders (bid column) are coming
from the large institutions.
Most sell orders were for small quantities.
In my opinion, it looks like the small investors
are selling IOM shares for all the reasons
discussed on this thread (ie. margin calls,
uncertainty, etc...) and the large institutions are
buying IOM shares at a discount.

Jan 26/98
BID 15:59:09 8.5 260000
BID 15:57:25 8.5 303900
BID 15:53:43 8.5 300000
BID 15:53:33 8.5 300500
BID 15:52:46 8.5 300000
BID 15:45:56 8.5 300000
BID 15:33:23 8.5 300000
BID 15:28:47 8.5 300000
BID 15:24:51 8.5 350000
ASK 15:21:21 8.5625 200000
BID 15:14:36 8.5 400000
BID 15:14:07 8.5 350000
BID 15:13:58 8.5 320000
ASK 15:10:53 8.5625 150000
BID 15:10:53 8.5 360000
BID 14:59:01 8.5 350000
BID 14:57:12 8.5 360000
BID 14:54:29 8.5 350000
ASK 14:54:04 8.5625 150000
BID 14:48:50 8.5 400000
BID 14:47:02 8.5 360000
BID 14:41:03 8.5 350000
BID 14:38:20 8.5 340000
BID 14:31:12 8.5 330000
BID 14:24:29 8.5 320000
BID 14:24:17 8.5 320000
BID 14:24:11 8.5 312400
BID 14:24:10 8.5 300000

I will NOT sell my IOM shares at a discount to
these institutions.

What do you think????
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