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 (35070)	11/11/1997 5:45:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

To: Darrell Re: Iomega interest and block trading Darrell, Trying to cheer you up some . . . Over the past month, there definitely is a relationship between the up price movement on Iomega and the number of blocks traded. Most days, there seem to be between 30 to 60 blocks traded. Today, there were 19. On Nov. 4, when the stock went up $2, there were 77. Yesterday, when the stock was up $1, there were 39 blocks. I really don't think today's movement means anything. Again, I think the specialist is playing this stock. He knows when there are buyers around. When there aren't, he punishes the sellers. Iomega traded 1.2 MM shares today. That's about 2 hours of trading on a moderately busy day. Don't worry. Be happy.