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

To: Bald Man from Mars who wrote (56609)	6/19/1998 5:06:00 PM
From: Daniel P. Dwyer	Read Replies (1) \| Respond to of 58324

If it were only that easy, everyone would be a specialist. Opening the stock at 4.75 was smart and probably expected. I do not understand why people leave market orders before the market opens. The overhang was huge. Without the buying from somewhere the stock could just as easily fallen to the low 4s. The fact that it bounced back to 5+ inside of 45 minutes and stayed there the whole day and to close near the high of the day was pretty impressive, especially on such volume and the Dow's having a lousy day. The specialist will work his inventory into strength, but he does not cause the strength. He tries to set a floor, but there is no guarantee of that. He is not there to make a killing, but just to balance the market as much as he can. If IOM were still on the NASDAQ, where do you think the price would have been with the market makers? I would guess it would have opened at 4.25 and ended the day below 5. Have a good weekend. Dan Dwyer