Silicon Investor (SI) -- The First Internet Community

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)? -- Ignore unavailable to you. Want to Upgrade?

To: D.J.Smyth who wrote (33845)	10/28/1997 4:22:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 58324

Darrell - re: IOM and today's price and volume Darrell, Must say I was very disappointed in IOM today. For 4 days (including today), the stock fell from $30 to $22, a whopping 27%. Granted, yesterday's volume on IOM was light, but still... Gaining $.75 back today really sucked IMO. Volume also sucked. To trade 4.8 MM shares on a billion + day means NO interest in the stock. Trading just about stopped after the first few hours. Guess the institutions got their fill of shares under $25 - can't blame them. Why is there always so much selling pressure on this stock? Doesn't make sense to me. There was quantity on the ask side all day. Honestly, it scares me that we only got $.75 back today. Should the market go down again this week (50/50 chance), we could lose $4 again. I'm beginning to think that this is a trading stock as opposed to an investment vehicle. Sorry I'm so crabby, but I also hold ASND which did nothing today. It actually went down to $26 at the open. At least go over $30. Geez.