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To: Vanni Resta who wrote (530)	7/15/1998 2:17:00 AM
From: Rocky Reid	Read Replies (1) of 10072

Average Daily Volume Has anyone noticed that IOM's Daily Average Volume is now is serious jeopardy of falling below 3 Million shares/day? It seems just yesterday that I warned about this. But I guess it fell upon deaf ears. During the Spring, I warned that IOM's Volume would fall below 4 million/day. Now, it is going to fall below 3 million/day. What does this mean? It means that interest in this stock is severely waning. And stocks that generate little volume usually get avoided by Institutions. Plus, IOM has about 260+ Million shares outstanding with a 180+ Million share float. This means less than 2% of IOM's float get churned every day. Compare this to YHOO which has a float of just 6.9 million shares and a daily churn of 4.1 million, or 60% EVERY DAY! Clearly, IOM is going nowhere fast.

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