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Non-Tech : Any info about Iomega (IOM)?
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To: ken alpous who wrote (16753)2/18/1997 4:17:00 PM
From: Joel Sternberg   of 58324
 
>Joel, may I ask why in the world would your firm wait for one to four points before covering. If as you
have stated your firm started shorting at 55 bucks, whats the point of risking the gains you have made
for possibly four points. Seems like poor judgement to me.<

The shorting started around 25, not 55. However, a lot of shorting occurred at higher prices, including 55. Your right. It is ridiculous to try to squeeze out another 4 points. I think we're actually looking to make another 17 points now. The house of cards is falling.
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