Any info about Iomega (IOM)? Message Board

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

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To: Rational who wrote (50272)	3/16/1998 9:44:00 PM
From: Michael Coley	Read Replies (2) of 58324

RE: Buying and Selling Today. >> It seems the price was settling at $8 in the morning (this was the price at which many insiders recently bought), but more panic sale ensued. << Looking at 30 minute blocks of time, the $8 wasn't significant. I tend to disregard the first 30 minutes of trading in a day, because most of the big players stay on the sidelines during that time. wwol.com My observations from the day: The biggest positive money flow period was from 11:30 - 12:00 when 2 million shares pushed the price back up from the lows of the day to the 7 1/16 - 7 1/8 range, where it stayed most of the day. The selling was still very intense the rest of the day, but the buyers held strong. The last hour (15:30 - 16:00) of the normal trading day had a large volume, which I think reflects day-traders getting out. They'll probably be back tomorrow to play. - Michael Coley - wwol.com

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