Any info about Iomega (IOM)? Message Board

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

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To: IceShark who wrote (7511)	9/24/1996 1:44:00 PM
From: Joan Osland Graffius	of 58324

Hi Dan, >>You are mistaken as a general principle as to shorts not being forced to cover in the open market as a result of having their borrowed shares called. Sorry Dan, you are dead wrong. Call your broker....I do business with Merrill Lynch and asked my broker if the folks I borrow stocks from for a short position could in any way cancel the contract. He stated there is no way he/she could cancel the contract. The only way the contract gets closed is when the short covers the position. I don't want to start an argument here but disseminating incorrect information on this type of forum is not a good idea. Now MM's can sell stocks that they do not own....... Joan

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