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

To: Richard Smith who wrote (38614)12/5/1997 4:16:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
Richard, what are you basing your momentum post on?

I was watching the trades and they went to almost $32 on good volume.

Going from $32 to $32 in 18 minutes was nothing more than the specialist hosing the sellers. 242K shares traded in that 18 minute span, which is heavy.

However, that much volume any other time during the day would have moved the stock 1/4 point at the most.

This is what the specialist does to us. Just to ruin our weekends.



To: Richard Smith who wrote (38614)12/5/1997 4:33:00 PM
From: Michael M  Read Replies (1) | Respond to of 58324
 
Richard, what are you using as a "momentum indicator?" I wasn't paying attention until the stock went under 31 1/2...

What caught my eye was the price retreat near the close when my screen was showing 50,000 shares in the buy queue and 2,700 in the sell queue...seemed like a supply and demand thing to me. Then again, I know next to nothing and understand even less.


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