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Non-Tech : Any info about Iomega (IOM)?
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To: Bill Hernandez who wrote (46794)2/4/1998 10:27:00 AM
From: Kel Suga  Read Replies (1) of 58324
 
Bill- TC2000 might be right. I used to suscribe to their service and understand BOP, but could not get info on how it was calculated. If they only use large block trades, then the red is justified because there has been quite a few large block trades>50K on the sell side. I follow IOM on a real time basis with DTN satellite feed and have seen the large trades come through. In the past week, I have experimented with selling two-10K blocks. The first trade was placed at the bid--a few seconds after the order was placed, the bid and ask price was reduced so the ask price was the price I had placed the order at. About ten minutes later, I saw a block of 10K come through at the ask and then my broker called and told me that I had sold the stock. I asked him how it sold at the ask price, but he couldn't answer the question. The next trade was placed a couple of days later, when the bid size was much lower then the ask size, at the bid and the broker called back within a minute and said that the order was executed--I did not see the order come through on my time and sales chart. Trading in this stock has been rather strange--with the bid size much smaller then the ask size, the trading has been on the buy side on small trades then a large block(>50K) would come through on the sell side. I experimented with the above because I've got a large position in the stock--feel comfortable with it and will continue to hang on for awhile. I like the TC2000 program---please continue to post weekly results on BOP and MoneyStream. Sorry for the long post.

Regards, Kel-
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