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Non-Tech : Any info about Iomega (IOM)?
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To: TsioKawe who wrote (57673)10/10/1998 12:56:00 PM
From: Rocky Reid  Read Replies (3) of 58324
 
>>Speaking of IOM, a major Brokerage house traded (I believe purchased) over one million shares of IOM Friday. Approximately half of the volume for the day! Could it be they expect the price to rise?<<

1. Block shares of IOM were TRADED by Smith Barney, not purchased.

2. Those trades could have been block SELLS by a Mutual Fund forced to omit IOM from its portfolio because of its low price.
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