Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Rick Mortellra who wrote (6730)	8/29/1996 2:23:00 AM
From: Harlan Bachmayer	of 58324

WHAT IS A SHORT SQUEEZE? What effect does a large short coverage have (generally) on the stock`s price? Generally, heavy buying increases the price while selling decreases it. Assuming the stocks price has been steady, or climbing, and many shorters attempt to cover their losses, how will this affect the price? When a number of short sellers all try to "cover" their short at the same time, that does indeed drive the stock price up. Short squeezes can be the result of better than expected earnings or some other fundamental aspects of a company's operation. They can also be the result of direct manipulation. That is, profit-seeking individuals with large amounts of cash at their disposal can look on a large short position in a stock as an invitation to start buying, driving up the share prices, thus forcing short-sellers to cover. This in turn drives up the price, and before you know it, the share price has soared! Harlan

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