Any info about Iomega (IOM)? Message Board

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

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To: Cogito who wrote (46898)	2/5/1998 10:03:00 AM
From: Gottfried	Read Replies (1) of 58324

Allen, re TC2000 selling/buying [BOP] indicator: I ignore it because Worden Bros. refuses to explain the formula used. I don't use something I don't understand. You said... IOM has been up for the last five trading days, and is now roughly 20% higher than the low of last week. I don't see how this could have happened unless there were more buyers than sellers. True, and all these 5 days and longer the TC2000 indicator said "heavy selling". There was selling, to be sure, but buyers had to offer higher and higher prices to entice sellers to sell. I guess we might call that a sellers' market. In such a market the sellers have the upper hand, because they can get more for their wares. Maybe it's just a game of semantics. GM

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