SI
SI
discoversearch

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: Gottfried who wrote (45250)1/24/1998 12:02:00 AM
From: stock bull  Read Replies (1) | Respond to of 58324
 
sb, I share your sentiment about the cc. You also said...
>The institutions bailed out big time...45 million shares.<

What puzzles me is: who bought?

Gottfried, if my memory serves me correctly, the firms that have seats on the exchange are required to "make the market". In other words, if there are no buyers for the stock, the firms are required to buy the stock. This helps to keep the market liquid.

If I wrong on this point, I would appreciate someone telling me how this works.

Stock Bull