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Non-Tech : Any info about Iomega (IOM)?
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To: eddie who wrote (7273)9/19/1996 4:20:00 PM
From: Cogito   of 58324
 
All - I just checked the chart and saw that IOMG hasn't been close to 18 since the first week in August. This has changed my mind, and think it's unlikely that "short covering" by itself could have caused this action today. That is, not unless the shorts have all suddenly figured out that the short position isn't where the money is on this stock, even in the short term.

Or perhaps there is some nice rumor making the rounds.

For the record, I don't mind if the price doesn't stay around 17 to 18. It's OK with me if it goes back up over 20 right away.

- Allen Murdock
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