Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rocky Reid who wrote (17738)	3/9/1997 12:56:00 AM
From: slipnsip	of 58324

<<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.>> What you fail to realize is that the 12 million plus traded on that day were apparently not all buys.. Judging by the end result, I would surmise roughly 5 million buys and 7 million sells.. What we are talking about is the imbalance of 20 some milion short covering in a very rapid fashion thus throwing a huge inbalance into the daily buy/sell stream. This ultimatly would cause the price to rocked as we look for equilibrium. The true squeeze cannot occur until we hit the 26 mark. Then the shorts will get crushed.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next