>>The P/E in my other post is based on a PEG of 1, that many use<<
But this has nothing to do with IOM.
>>The big guys who bought at $8 are continuing to buy at whatever price others are willing to sell.Once the supply is choked, a small positive news will squeeze the shorts. <<
If you're looking for large blocks trades to give you great info, you're wasting your time. There are too many reasons for large block trades to list- one reason, is short sellers covering. IOM does not suffer from short squeezes, The tired old short squeeze argument has been dragged out back behind the barn and shot several times. IOM simply has too many shares outstanding (almost 300,000,000), and low volume (4,900,000 average and falling weekly) to have a short squeeze now.
>>Watch out! I will not be on the short side of a technological leader that is continuing to innovate new and useful products with little competition.<<
"Technological leader"? Yeah, right. Iomega is consistently behind the development curve, and even later at getting their stuff out the door.
"Little competition"? Yeah, keep dreaming. It's exactly this kind of thinking that got Iomega in the quandry they find themselves in right now. |
