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

To: D.J.Smyth who wrote (35647)	11/14/1997 7:24:00 AM
From: John Kratus	Respond to of 58324

<<the volume drop on IOM was unusual intraday for such a big announcement. what were they thinking. >> I guess I was one of those traders responsible for at least a very small part of today's reversal. Here's what I was thinkling. When the announcement of IOM's collaborations with Atmel and Zoran came out, IOM was over 29 and falling fast. I sold my 3200 shares at 28 7/8, because there was too much uncertainty and disappointment. When IOM stabilized and started up again, I bought it all back at 28 1/2. You might say that I only gained 3/8 of a point off the trade. But shortly after the announcement, the market was falling, and so was IOM. Selling out was a sensible way to protect my previous gains in an uncertain market. And the 3/8 of a point netted me an extra $1162 after commissions. Still long, but prudent. John