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

To: Gregory Cole Brock who wrote (38621)	12/5/1997 4:35:00 PM
From: Richard Smith	Read Replies (2) \| Respond to of 58324

why does he do this at the end of the day most of the time with iomega?

To: Gregory Cole Brock who wrote (38621)	12/5/1997 4:35:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

Greg, you're both right and wrong. Why you're wrong: the specialist can see if there are any buyers around. If not, she can scoop up shares cheaply by lowering the bid. Why you're right: of course, when it goes down, we can of course take advantage and buy cheaply. Why you're wrong: I HAVE NO CASH LEFT. :) I can't buy any more as it goes down.

To: Gregory Cole Brock who wrote (38621)	12/5/1997 5:20:00 PM
From: Kevin D'Espies	Read Replies (1) \| Respond to of 58324

MM's screw their clients with the spread. There, they sell from their inventory to the buyer and buy at the lower price from the other sellers to maintain their inventory. The specialist is suppose to be neutral-in theory. He/she is there to keep an orderly market, not steal from the general public. When the specialist is playing the stock like they did and do with IOM you the buying public could not trade on the same level. They will never give you a fair price if you place a market order.