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: Ray Dash who wrote (45518)	1/25/1998 11:28:00 AM
From: jwk	Read Replies (1) \| Respond to of 58324

>> There were larger forces at work this quarter. We think we know how the world of Wall Street works, but when it happens that way we "can't understand." << uff da! Somebody call Ollie Stone(d)! Ray, your dark forces scenario fits with the thoughts I've been posting here.... ---who was the 800 lb. gorilla sitting in the midst of a selling frenzy and buying up everything in site? KHF offered a response to my question by suggesting a lot of it was day traders, but I find it hard to account for over 47,000,000 shares with d-t churning ---KE could have told it like it was without telling it like he did Having listened to many previous CC's, and this one twice, I too was very disturbed by the tone and tenor of comments ( more so than just the comments content) you may or may not be right, either way...... somebody should turn Ollie on to the possibility this scenario!!

To: Ray Dash who wrote (45518)	1/25/1998 12:09:00 PM
From: Kansas George	Read Replies (2) \| Respond to of 58324

<<This is a small investor setup folks. The institutions wanted in, but not at what they felt was a reasonable price. They wanted a discount price.>> Ray, and disappointed IOM stock holders, Something I have a hard time comprehending is the channel checks. Everyone reported that disk were flying of the shelves. Nothing like reported in the past. I can't see how US ZIP sales increased only 25% (someone please correct me if that is not right). Are some of these profits being saved for next quarter? Also, if many of the small investors are like me, the market has ravaged them in the last 3 months, and we don't have money to buy more IOM. I'm trying to sell off parts of my portfolio to kepp from getting a margin call. Small investors that have an interest in IOM are already invested. Hopefully, whoever is buying is buying for long term, and not for a quick pop.

To: Ray Dash who wrote (45518)	1/25/1998 10:28:00 PM
From: Les White	Respond to of 58324

Ray >>KE's conspiracy<< Your conspiracy theory makes about as much sense as any one else's on this thread. One thing I agree with you 100% on is the role the institutions played in the revaluation. Big player's triggered the stampeed, and big players were waiting in the wings to buy at a discount. A lot of stop sell orders were triggered by the opening price. The first 15 minutes were pretty slow, then the flood came as the individuals pannicked. Did they evaluate the numbers overnight and conclude that IOM was toast? I don't think so. They just pannicked at the sudden drop in price. And sold right into the laps of some ready players with lots of money to spend. I am quite sure there are a lot less shares in the hands of individuals and a lot more in the hands of instituions now. The big trades received a lot of attention. There was one for 575000 shares that went off at 8.5 but in reviewing the tape I am struck by the large percentage of trades under 1000 shares along with the tight trading range. It looks like a lot of small fish being eaten by a few big fish. Wether KE had a hand in this may be the subject of a futher Oliver Stone movie. It is clear though that some pretty big players think IOM is a steel at 8. And they appear to have engineered thier buys quite successfully. Les