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

To: Senthil Sankarappan who wrote (38890)	12/8/1997 5:16:00 PM
From: Linda Pearson	Read Replies (2) \| Respond to of 58324

a release obviously not related to the move today! biz.yahoo.com Linda

To: Senthil Sankarappan who wrote (38890)	12/8/1997 5:39:00 PM
From: Tom Carroll	Read Replies (3) \| Respond to of 58324

RE: IOM movement today Senthil and all, It doesn't look like Barron's to me. That's old news, and there wasn't this kind of pattern any of the other days since the publication of the Barron's article. I see four other possibilities: One, shorts are driving the price down by shorting lots and lots and lots of small bunches. Not likely. There are too many shares involved. Why would this happen so suddenly like this? Truff, this is your thinking on the matter, right? Don't you think the volume is too big for that? Two, a bunch of people are panicking over either Nomai or the HiFD or the new Syquest drives, in the latter case fueled by the nod to Syquest in the latest PC Magazine ratings of the best products of 1997. Well, maybe, but again, why does it suddenly hit today? I don't think PC Magazine, which arrived in today's mail, could have done this all by itself. Three, some technical reason is involved, such as the mutual funds needing to adjust their mix or some other arcane thing I don't know about. Maybe, but if so, it's some kind of technical thing I don't understand. Does anyone else have an idea that fits this scenario? I sure don't. Four, one or more big, big holders out there have decided to unload via lots of small sales. This is what it looks like to me. The question is, why are they doing this? One reason is that they don't expect any more big surges in IOM for a little while, so they're moving their money to something else. Another is that they've heard some bad news that's not public yet. Or maybe it's Ted Turner trying to raise the first hundred million in cash that he's promised to the United Nations. <g> I don't know. Again, does anyone else have an idea that fits this scenario? Did those of you like Gary Wisdom who watch every trade notice an unusual number of identically-sized trades today? Any other speculations out there? I'd say it's not just a drift down on a very slow volume day, which is a pattern we've seen a lot. Rather, it's a deliberate sell-off by somebody, for some reason. Anybody have a rebuttal for this hypothesis? Then again, maybe there are millions of adolescent males on this thread selling off their IOM and buying SYQT to drive the latter above the $11 "jackpot" price. <g> (P.S. All of you, male and female alike, are all crazy and suffering from excessive hormone production. <ggg>) Cheers, Tom (long IOM)