Any info about Iomega (IOM)? Message Board

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

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To: Wayners who wrote (17737)	3/8/1997 4:29:00 PM
From: Rocky Reid	of 58324

>>I disagree with your analysis that covering 23M shares is unlikely to affect upward price mobility because of the relatively high volume this stock can accomodate. The float for IOM is 86M shares, so covering 23M is 26.7% of the float. << Well... back around Dec.12 '96, 12 MILLION+ shares traded IN ONE DAY and a ~2 point loss resulted. 2 points is not exactly what I'd call a drastic move for a $20 stock (at that time). The point is, that for some reason, some people put on a set of blinders (guised as "fundamental analysis") when it comes to this stock, and fail to see any other opportunities that exist elsewhere in the market. I know a couple of people personally who have this mindset and refuse to sell even when they bought at $25-$30.

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