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

To: Kevin D'Espies who wrote (38302)12/3/1997 12:32:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 58324
 
Volume Update #3: 1.266 MM shares @ $31.4375 at 12:30 PM

Volume is NOT heavy.

First hour: 695K
Second hour: 271K
Third hour: 300K

Price went down $1 in first 20 minutes of trading. Since then, it's traded between $31.375 and $31.625 on moderate to light volume.

Who knows where we'll head, but to question the numbers based on a 25 cent drop is stupid. If there's something really wrong with the stock, trust me, you'll know it first. You'll see big volume and a price below $28. Until that happens, just stay cool.



To: Kevin D'Espies who wrote (38302)12/3/1997 12:32:00 PM
From: Roland Fehrenbacher  Respond to of 58324
 
Re: Volume on sell

> Volume on sell seems heavier than you allude to.
> Sellers are keeping the price down.

I agree. The bigger blocks go through on the sell side.
In fact the sell volume was also strong on Monday during the initial
sell-off. Guess there should be some major buying at 31.


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