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Non-Tech : Any info about Iomega (IOM)?
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To: Hyun Yoo who wrote (7754)9/26/1996 3:02:00 PM
From: Young D.T. Nguyen   of 58324
 
Folks, look like IOMG started a surprised short SQUEEZE and the rest
of Nasdag is following suit. Shorts are being squeezed big time now everywhere.
All issues with large short interests (USRX, PRST, WSTL, etc.) are jumping
big time on big volumes.

The recent quick move up in leading issues are causing shorts to cover,
and now the pace is accelerating. Good news and earnings are coming out
and investors have shaken off the last correction and start buying again.
The Nasdag in undergoing a wide spread SQUEEZE now, IMO.

I think MORE SQUEEZES are coming next week, because the shorts have
now become panicky. Watch for other issues with large short interest (AMTX,
MRVC, etc.) to make big moves.

This is a REVERSED CRASH on the shorts. The more people buy, the higher
the price and the more shorts have to cover. No telling how high IOMG
will get now with this squeeze underway. If IOMG has any big news coming in
next few days, the shorts are going to be fried.

I am not sure if this ride will last or how long, but it sures feel good.
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