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

To: Francis Muir who wrote (34074)	10/30/1997 5:51:00 PM
From: Gary Wisdom	Respond to of 58324

<<The closing half-hour looked like some quite serious selling>> Not. Volume from 20 minutes before the close to the close = 147K shares This is NOT heavy volume. FIDO, volume evaporated after the first hour. To illustrate: 1st hour 867K 2nd 427K 3rd 387K 4th 270K 5th 245K 6th 196K Last 30 minutes 179K This repeats the pattern that is becoming increasingly irritating in this stock. The buyers will not chase the stock. They buy cheap, and then leave. Once they leave, the price drops as sellers panic and sell cheaper and cheaper and cheaper. Should the market be weak in the morning. who knows? However, the market wasn't strong all day and Iomega held up really well. It was just in the last 20 minutes it fell hard. I attribute this more to the specialist bringing down the bid rapidly (as he usually does when the buying pressure stops). Relax and enjoy your trip. Yes, the market can go down more. At the end of the day (not tomorrow specifically), Iomega will do fine. It's ASND that will take a long time to recover. I'm eating it big time on that stock.