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Non-Tech : Any info about Iomega (IOM)?
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To: Guy Gordon who wrote (1865)5/22/1996 8:44:00 PM
From: Guy Gordon   of 58324
 
All: Institutional buyers

Looking at Lombard intraday charts there have been more and more trades of 20,000 shares or more:

On 5/20 there were 3. Largest was 81k.
On 5/21 there were 9. Largest was 75k.
On 5/22 there were 21. Largest was 90k.

I think this means isntitutional buyers. Anyone agree? Disagree?
If so, what does that mean for the stock price?

I think it can only mean higher prices as more investors bid for these shares.

Down the road a year or so it could mean more danger. I have always felt very safe with IOMG stock because the large number of small investors in Iomega love the company and the stock. They don't want to sell. This keeps the stock going up and moderates dips.

The large institutions are another mater. They are very short-sighted, prone to panic, get their news VERY fast, and they are all connected (i.e. when one jumps, they all do.)

But that worry is well down the road (like, when IOMG has 90% institutional ownership). For now, this is only good news.
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