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


To: Kevin D'Espies who wrote (38333)12/3/1997 2:21:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 58324
 
Kevin, re: the 200K ask

Generally, when you see an ask size like that in a thinly traded day, the seller is trying to keep the price of the stock low. He knows that as soon as he posts that, that all knowledgeable buyers will pull their bids and let the price go down further.

Of course, the market moved down (slightly) since that was posted.