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

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To: Joan Osland Graffius who wrote (7505)9/25/1996 10:19:00 AM
From: Marie Thorsson   of 58324
 
Joan - I would assume fund managers can drive out the shorts simply by buying stock. If you have $1bn worth of assets, its pretty easy to buy a few hundred thousand shares, kill off a lot of shorters, and the sell again, taking their money. It's one of the advantages of being big. The disadvantage is that you have to make huge returns $-wise to get a decent % return for your customers, and every stock you touch in any way that is going to make a difference to your bottom line, gets affected merely by your major presence (ie you have to really trade big, and that affects everything).

> Is this correct? If I lend some one stock to short I am committed to
> this contract until the person has covered his short. On the other
> side, if I borrow stock to short the lender can not call off that
> transaction. In other words the short seller is in the drivers seat.
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