Any info about Iomega (IOM)? Message Board

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

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To: slipnsip who wrote (51708)	4/1/1998 12:56:00 PM
From: John Alan Wallace	Read Replies (1) of 58324

Question to all, Today I put in an order to sell 1000 IOM on E-trade. Normally when I put in an order to sell something I own the screen has a statement that says something to the effect of "You have XXXX uncommitted shares in your account". This time it came back and said something to the effect "Your account is overcommitted by 1000 shares, this transaction will not be posted to your portfolio records.......". None of my IOM shares were committed by me at that time. Later today I cancelled that order and put in an order to sell at a slightly lower price and I got the standard "You have XXXX uncommitted shares in your account". Is this a glitch in the E-trade systems or would the second message show if my shares had been loaned out to short? If it reflects that my shares were loaned to short and did not show the next time, could it be when you put in a limit order to sale your shares have to be recalled from the loan to short? If so, what would happen if everyone put in an order to sale their IOM at a limit order of $15 or so? Thanks for your help. JW

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