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


To: sheila rothstein who wrote (46834)2/4/1998 4:21:00 PM
From: Kel Suga  Respond to of 58324
 
Shiela--I like it. I can remember when I discovered that Iomega was going to start selling the Zip drive(on AOL Iomega board), I had used the 20meg floptical prior to this, and I thought that it would be a great product. Started buying their stock and telling everybody to buy it too---haven't looked back since then. One thing that came out of it all was that I no longer recommend stocks as strong buys---when the price on IOM started going down, I got so-o many calls asking me why and if anything happened. The trading in this stock is unusual---at the close, with the bid/ask at 9.9375/10 and the bid size/ask size at 3000/500, 236,000 share block traded at
16:00:39 at 10 and another 42,000 block at 16:00:57 at 10. You would think that the bid size/ask size would change prior to this or the bid/ask would change---experimented with two 10K blocks on the sell side a recently and the ask size never changed. IOM has looked good the past few days.

Regards, Kel-