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


To: Gary Wisdom who wrote (35805)11/14/1997 2:58:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
Interesting volume information . . .

Trading was at standstill, no volume.

All of a sudden, 46K shares traded (not one block) up to $29.125.

Then, a 25000 share ask came on at 29.0625.

Stock then dropped 1/4 on 4000 shares.

Again, the buyers are falling into their regular pattern. They are forcing the sellers to come down, not chasing. It's pathetic.

When is this pattern going to end?



To: Gary Wisdom who wrote (35805)11/14/1997 3:00:00 PM
From: John Erdtmann  Read Replies (1) | Respond to of 58324
 
To all:

Iomega must have released the Clik! announcement to the press earlier than Thursday. Business Week magazine has a small article about the announcement. The magazine went to press Wednesday night 11/12. I wonder who else they told.

John



To: Gary Wisdom who wrote (35805)11/14/1997 3:33:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
Volume Update #6: Wake me up when we hit 1.5 MM

First hour: 502K shares Price: $28.9375
Second hour: 271K shares Price: $28.75
Third hour: 87K shares Price: $28.8125
Fourth hour: 155K shares Price: $29.125
Fifth hour: 126K shares Price: $29.00
Sixth hour: 243K shares Price: $28.8125

Yesterday, we exceeded this volume in the first 1.5 hours!!!

Absolutely pitiful. Guess everyone shot their wad yesterday.