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Non-Tech : Iomega Thread without Iomega
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To: KM who wrote (2962)11/2/1998 8:54:00 PM
From: Tom Carroll  Read Replies (2) of 10072
 
Big blocks at the end of the day

Truff,

>I did see a 50,000 block and a 14,000 block
>after the close at 5.75.

Thanks for checking. Why in the world did those
folks wait until the news broke? Didn't they
already know this was coming? (Despite ample
evidence to the contrary, I still harbor the
fantasy that highly-paid professional money
managers know what they're doing.) Is this
some kind of day trade or something? For a
long, it doesn't make a lot of sense to have
delayed factoring this development into the
price until today.

Cheers, Tom (long IOM)
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