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


To: Gary Wisdom who wrote (46818)2/4/1998 1:43:00 PM
From: FilerBill  Respond to of 58324
 
Weird? I'be been reading this thread for a week AS IO IS IN PLAY(!!)
but wasn't able to post as it seemed SI wanted some money from me all the sudden. Well another password did the trick, anyway-

BUY THIS FRIGGIN STOCK NOW! Sell calls at you own peril. I've traded IOM 3 times in the last 5 years and I've been right at bottom with calls everytime. Look at the AM buying over last week! You gotta think here folks, WHAT'S THE DOWNSIDE! 8? Fund managers can live with that.
What's the upside? The reason alot of techs sold last month (and many charts look just like IO) was that people feared NO FLOORS! Well it's Feb and everyJoe is getting back in and the FLOORS are building fast!
Even if we circle back to 9.5 the odds are sweet that any news will pop it to 13 MAYBE MORE! Also TA spuds check out STD PROC DEV against the stochastics. The STD PROC DEV points right at bottoms in this stock and usually starts a strong rally. Those of you trading here for
1/4 point aren't thinking the way I am. When the oods are good make strong bets, don't chicken shit it. Good luck!



To: Gary Wisdom who wrote (46818)2/4/1998 2:18:00 PM
From: John Solder  Read Replies (2) | Respond to of 58324
 
Block dollar amounts have been net out.
~4 million shares traded yet price is essentially flat.
Block selling is being offset by small buying. GIMB indicates
net $2MM out on block trades between 10,000 and 1MM on 1,482,000
blocked shares.

You can have a price increase while block flow is out.
The point is that it's an indication of where the big blocks are
moving in relation to the small buying and selling.

You can even have big institutions buying small to keep the bid up while selling big blocks into it.