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


To: Sir Walter Scott who wrote (40203)12/16/1997 8:48:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
Sir Walter, I could really care less what you think

However, I will respond to your ignorance.

Point #1: The collapse today was on little volume. Since the news of KE's sale is 2 months old, do you have a better reason why all of a sudden there was pressure on the stock? Do you think savvy institutional investors said "Oh no" and dumped the stock (a whopping 400K shares traded in the last 1.5 hours)

Point #2: Yesterday's price action at the close. Yes, Sir Walter, there was big volume on the move up. 100K within a few minutes pushing the stock up. If there wasn't sincere buying interest, why would someone pay up $1 to get these shares?

Fidelity owns 2.5% of Iomega. But, I guess they're not a big player.

I'll gladly add you to the infamy list in my profile now.

Next time, why don't you think a minute before showing your ignorance?