IOMG just dropped $3.50 in 15 minutes (5 million trades!)

STOCKTALK

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Non-Tech
IOMG just dropped $3.50 in 15 minutes (5 million trades!)

An SI Board Since September 1996

Posts	SubjectMarks	Bans
25	0	0

Emcee: Marie Thorsson	Type: Unmoderated

Introduction Compact

At about 3:15pm today, IOMG dropped from 25 5/8 to 22 1/8 in about 15 minutes. During this time, the volume increased from about 19 million trades to about 25 million trades. 5 million trades in 15 minutes - that's a lot, even for IOMG.

So - what happened?

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
25	Jesica, I just checked this. Based on IOMG closing price of 21 5/8 on Friday,	Cogito	-	10/7/1996
24	Jesica, if Iomega's next quarter income doubled, then their P/E would be qu	Cogito	-	10/7/1996
23	Does that bother you?	Jeff Hayden	-	10/7/1996
22	Iomega stinks as a buy! Even if their next quarter income increased, or double	Jesica Dawnet	-	10/7/1996
21	Gordon, because of the attachment small investors have for the stock, it has be	ben.	-	10/1/1996
20	Ben: Your points #2 and #3 are right on the spot. I would LOVE to see IOMG mo	Guy Gordon	-	10/1/1996
19	IOMG is a good stock, but take a look at all the threads. Start from AOL to PRO	ben.	-	10/1/1996
18	ben: you warn that people get emotionally attached to IOMG in the same post th	Guy Gordon	-	9/30/1996
17	Ben My Man I think your right, but for now, I'll let it ride until the 27	Joshua Lee	-	9/30/1996
16	I just can't shake the sick feeling that the bus is headed for a crash. A t	ben.	-	9/30/1996
15	Hey Ben Man Not to worry, but the ride on Friday was slow, as guessed. My gue	Joshua Lee	-	9/29/1996
14	Marie; What you're seeing is typical for IOMG and any stock with a ridicu	VINCENT ST.JOHN	-	9/29/1996
13	Marie: Yes, I bought before the fall. At 7.5, 12, 15, and 30. My average pri	Guy Gordon	-	9/29/1996
12	Wow. I take it from your tone that you bought _before_ the fall - or something	Marie Thorsson	-	9/28/1996
11	Marie: Why did you think this question needed a new thread? Have you consider	Guy Gordon	-	9/27/1996
10	short covering dunno if anyone else mentioned, but my sources state that short	Mark Gomes	-	9/27/1996
9	Of course you're right, but 5 million shares in 15 minutes is something els	Marie Thorsson	-	9/27/1996
8	Everyone, have you ever seen a stock chart that goes straight up? They usually	Cogito	-	9/26/1996
7	Anybody have any info on aftermarket activity? Are we headed for another ride?.	ben.	-	9/26/1996
6	I don't know what happened. But very early in the morning, my sell order we	Vijay Mehta	-	9/26/1996
5	Chances are, large positions at 20 or below decided to take some profits and wi	Vernon Dwire	-	9/26/1996
4	To ALL: I believe it was message #7760 on the other thread. I really thin	Freddy J Angeli	-	9/26/1996
3	Same here my man? That's what I thought, 29 to 35, but no it took a little	Joshua Lee	-	9/26/1996
2	I have no idea, but that was not cool. Do you think it will continue to drop t	Joshua Lee	-	9/26/1996
1	I wish some could tell me what the heck happened? Wasn't this bus to be hea	Ron Jones	-	9/26/1996

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