Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: s. bateh who wrote (45184)	1/23/1998 9:57:00 PM
From: John P. Henrie	Respond to of 58324

RE: Held with 47 million trading.... Only my opinion, but it did seem to hold very well. I wonder if IOM, a large company, or just the internet hypsters trying to save face (LOL) were buying up the shares. What I though of the conference call... I hated the SGA jump. I am getting the impression that they have shifted from throwing shear drive and committment at a problem to just throwing more cash. I hated the marketing statement that left many wondering if demand was drying up. My guess is they thought that a statement like that would have everyone jumping for joy that IOM was going to unleash its marketing savy on a global scale. Anyway, I am not a gloom and doomer, but my view of future prospects was definitely dimmed. Later, John

To: s. bateh who wrote (45184)	1/23/1998 10:35:00 PM
From: jwk	Read Replies (2) \| Respond to of 58324

>> ....dropped over 4 in after hours with 1.5mil traded and would not move today with over 47 mil traded....<< Amen to that. Amid all the recent noise and gnashing, this indisputable fact sits like an inscrutable 800 lb. gorilla in the midst of a lot of foggy assumptions. Something out there today bought ~47,000,000 shares. The sell-off happened after hours yesterday. How can today's buying be accounted for? ~12 MM if all the shorts covered ( how likely is that?) ~5-10 MM if all the little guys jumped in with their 401K $. Something happened today in the market. It scares me. But, I like it. I was just sitintg here imaging that I was a huge fund manager. Could I lube the slide by dumping big in the afterhours and then sit at the bottom of it the next day and refill my basket with shares people were thanking me for taking off their worried hands at a ~30% discount to the recent price. Even if I could, why would I unless I knew something very positve about near term prosects. Well, imagination is cheap (cheep to you RS). Nice to know this kind of thing would never happen in the real world.