Any info about Iomega (IOM)? Message Board

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

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To: Ken Bobey who wrote (7588)	9/25/1996 10:47:00 AM
From: Chris Sterner	of 58324

Time to forget about the fundamentals of Iomega again... That huge short position is starting to cover. When the momentum is going, you may as well push the usual rules off to the side and have some fun. I heard alot of shorts say they would cover at 10 or 20, which ever came first. I expect alot of covering to go on, maybe until the end of the week. Shorts won't be able to get out fast enough. I can hardly believe there was such a huge short position on this stock again. Iomega truly is a investors dream. The smart money made huge $$$ going up and going down on this. We'll talk about reasonable valuation and reasonable p/e's after the momentum gets played out. Until then... enjoy the ride and watch out for the bumps in the road (its just those shorties getting run over!) Luck to all, Chris

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