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


To: Joon Song who wrote (43850)1/18/1998 5:07:00 PM
From: Vaughn  Read Replies (2) | Respond to of 58324
 
****OT****

To all:

I am a relatively new investor with a question about trading and market maker practices. I looked around SI and couldn't find an obviously appropriate thread to post this so I thought I'd start here and on the AMAT thread.

The following is a real situation that I encountered when trading an OTC stock. I have read some NASDAQ trading rules that cover this but since the subject company is not NASDAQ, I was wondering if anyone can offer opinions or direction to points for further research. Until I am able to satisfy myself with an answer, I don't think it is a good idea to share the specific stock or brokerage involved. I have talked directly to the local rep for the on-line brokerage house where the situation occurred. I am not comfortable with the answer provided so decided to get some more opinions and do some more research.

Discussion example of situation which has happened twice in three days: Early in the trading day I put in a sell for 2000 shares with a limit of $10. Sell order was for the day and there were no other qualifiers. Much later in the day, long after I received order confirmation, one or more transactions went off where the sell price was higher than my sell order. However, none of my sell order was executed on either occasion. One time the sell price was 1/8 of a point higher and the other time it was 1/16 of a point higher. I never did see the bid price get to my ask price. I assume that someone paid more than the best available price for the stock they bought. This is very confusing and disturbing to me.

Any thoughts or opinions would be appreciated.

TIA, Vaughn



To: Joon Song who wrote (43850)1/19/1998 11:59:00 AM
From: Cameron Dorey  Read Replies (1) | Respond to of 58324
 
Joon, re: "It's the SCSI internal retail drives that seem to be in shortage."

Sorry, I'm sticking by my story. I just called up two local dealers, asked specifically about an internal SCSI Zip, both said they did not have any there, and put me on hold for a minute to check with the wholesaler they used (I have no idea who, for either shop), and said they could get one within a couple of days because they were in stock at the wholesaler.

BTW, as for "I was hoping to see the ATAPI Zip in retail boxes soon," one of the shops suggested I get an ATAPI which they had there if I wanted a Zip today (did not say if it was in a retail box, however). I really don't think that it is Iomega which is "restricting" the supply, but the big chains who can't (won't) carry everything for everybody, and this is where they stopped.

Cameron

"Early to bed and early to rise is first in the bathroom."