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

To: s. bateh who wrote (45165)1/23/1998 8:49:00 PM
From: stock bull  Respond to of 58324
 
Sure hope you are right.

Stock Bull



To: s. bateh who wrote (45165)1/23/1998 9:04:00 PM
From: STEVE SMITH  Read Replies (1) | Respond to of 58324
 
<if the stock was so bad and this was not just an overreaction they why did they not trash it today with over 47mil traded>

Good question and I've been puzzling over it all afternoon. 47 million represents in excess of 9X Iomegas average volume. Obviously the bulk of the sellers (and buyers) are institutional but who are the buyers really - funds that feel now is a good buy point or is it possible that Iomega is buying back large blocks? Anyone have any thoughts?

Steve



To: s. bateh who wrote (45165)1/23/1998 9:41:00 PM
From: Keith A Walker  Read Replies (1) | Respond to of 58324
 
<<.I think we have bottomed out and its up from here.....to trade 47 mil....who was buying? not just small investors like us..>>

Clearly today represents a classic "selling climax", amoung other things.

Keep the faith and long-term the rewards will be there.

P.S. Rocky was right for once, he must be feeling pretty upbeat.


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