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

To: the Druid who wrote (41468)12/24/1997 12:33:00 PM
From: Rocky Reid  Read Replies (4) | Respond to of 58324
 
>>I thought that the split will create more up and downs,<<

Why would you think that? There are twice as many shares now, so the price will have a harder time moving either up or down.

Many big institutions do not invest heavily in stocks that are under $20. Iomega undoubtedly realizes this, as Institutional Ownership of IOM stock has never really happened. So, why not keep the price down, so Individual suckers will think it's "cheap," or "on sale?"



To: the Druid who wrote (41468)12/24/1997 1:29:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
Druid, re: ups and downs

Druid,

The high low yesterday was $12.75/$11.75.

That's a $2 spread pre-split.

How much volatility do you want?

:)

Actually, volume has been anemic the past 2 days, and we've held really good.

I am optimistic. Perhaps though, we'll have to wait until January for some serious upward movement.


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