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

To: Brendan2012 who wrote (36495)	11/19/1997 4:36:00 PM
From: Francis Muir	Read Replies (1) \| Respond to of 58324

Yes, I would expect the drop to continue tomorrow. I've cancelled my GTC buy order for 30 1/8, since I believe it'll go somewhat lower -- maybe 29 5/8 would be a good possibility. While i admire Trufflette's expertise, for me it is the old-fashioned way -- buying and selling. It has built-in safeguards (!) and I no longer try for highs and lows, but half-up and half-down are good enough. FIDO

To: Brendan2012 who wrote (36495)	11/19/1997 4:40:00 PM
From: Gary Wisdom	Respond to of 58324

Brendan, the drop was on low volume, not medium . . . 2.4 MM shares over 4.5 hours above $32 2.7 MM shares over 6.0 hours above $31.6875 700K shares below $32 over 1.75 hours 300K shares below $31 in the last 15 minutes (now, that's heavy but the stock did close at $30.875). I consider 600K/hour shares as good to heavy volume. This equates to 4MM shares per day, a volume we rarely see. The volume in the last 15 minutes was due IMO to the buyers coming back to scoop up shares from the panicked few. Of course, you could take issue with that assessment (and could be right), but this has been the trading pattern for the last 3 months. Trust me. I watch the price/volume 6.5 hours each and every day. IMO, those that sold below $31 were either small investors panicking or short sellers thinking that there was something wrong with the stock and trying to jump on the bandwagon (before it was too late in their opinion). In either case, IMO they are both wrong. With the buying volume the past week in this stock on the up side, there are some serious players in this stock that will not let it retrace for very long. We'll see, won't we?