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

To: Richard Smith who wrote (38623)	12/5/1997 4:41:00 PM
From: Gregory Cole Brock	Respond to of 58324

Richard, <why does he do this at the end of the day most of the time with iomega?> Cause he can. BTW, I have noticed the pattern myself for quite awhile. Someone wanting to buy late should wait for the drop. 32 was a little bit of a resistance area.

To: Richard Smith who wrote (38623)	12/5/1997 6:36:00 PM
From: Teddy	Read Replies (3) \| Respond to of 58324

Tonight's theme seems to be "The Specialist." Here is my contribution to the thread and also a question for the more knowledgable traders: A specialist performs two main functions: executing limit orders on behalf of other exchange members for a portion of the floor broker's commission, and buying or selling sometimes selling short for the specialist's own account to counteract temporary imbalances in supply and demand and thus prevent wide swings in stock prices. The specialist is prohibited by exchange rules from buying for his own account when there is an unexecuted order for the same security at the same price in the specialist s book , the record kept of limit orders in each price category in the sequence in which they are received. It seems to me that the specialist can only drop the bid when there are no buy orders left. So, unless the IOM specialist is braking the law, it is safe to say that the price only drops when there are no buyers, right? Now my question, has anyone ever heard of this and how can we track it? SPECIALIST S SHORT-SALE RATIO ratio of the amount of stock sold short by specialists on the floor of the New York Stock Exchange to total short sales. The ratio signals whether specialists are more or less bearish (expecting prices to decline) on the outlook for stock prices than other NYSE members and the public. Since specialists must constantly be selling stock short in order to provide for an orderly market in the stocks they trade, their short sales cannot be entirely regarded as an indication of how they perceive trends. Still, their overall short sales activity reflects knowledge, and technical analysts watch the specialist s short-sale ratio carefully for a clue to imminent upturns or downturns in stock prices. Traditionally, when the ratio rises above 60%, it is considered a bearish signal. A drop below 45% is seen as bullish and below 35% is considered extremely bullish.