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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Angell who wrote (33811)	10/28/1997 12:41:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 58324

Volume update: 9:30 AM PST Open: $22 1st hour: 1.6 MM shares Price: $24.5625 2nd hour: 1.2 MM shares Price: $25.50 3rd hour: 544K shares Price: $25.125 Volume slowed the last hour, but 100K share block traded 5 minutes ago. Some dumb dumb keeps placing a lot of shares at the ask and some genius keeps buying them. I hope that those of you interested in these posts have read my earlier posts about the pattern of trading in this stock. Time and time again, the big buyers use patience to buy. When stock went to $25.875, they sat on the sidelines, waiting for it to come back down. Then, they bought. Don't fret about Iomega. I believe this pattern will continue for a long time. The good news is I feel the institutions are buying this stock, reducing greatly the amount of stock for sale. When the market recovers, IOM will go up, up, and away into the 30s, and then the 40s.

To: Paul Angell who wrote (33811)	10/28/1997 1:15:00 PM
From: Gary Armstrong	Read Replies (1) \| Respond to of 58324

>>I agree with the poster who said they need to get more modems. Damn right they do but saying that has anyone had problems using a full-service broker these last 2 days?? I just talked to a broker friend who called me to see if I had been able to trade through E*Trade...he is with AG Edwards...said his screen is like looking through a telescope...is only seeing what happened much earlier...his squak box reported the "system" (NYSE) was an hour behind. Hesaid it was taking up to an hour to get executions, and he is not sure what the prices on his screen represent at this time...is uncomfortable advising clients based on lack of timely info...good news was that the activity is all on the buy side. Gary