Any info about Iomega (IOM)? Message Board

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

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To: Janice Shell who wrote (8943)	10/16/1996 9:38:00 PM
From: Ken Pomaranski	of 58324

Price ran up from 24 to 28 or so before earnings last time, and I was one of those who got suckered in. The movement before earnings is purely mechanical, mostly those scared short sellers and longs who don't want to 'miss' anything. If you have no position in this stock, I'd wait until earnings are announced. (unless you have money you don't mind speculating with.) For the longterm, I just can't see how Iomega is going to do much better than .10/quarter on average. (too many shares, too little margin). For the short term, exciting things will probably happen. JUST DON'T GET GREEDY! For what it's worth, I think this stock will run to about 35-40 or so again after earnings, regardless of the earnings report. This will be the 'mother of all short squeezes'. Then, it will be time to go short. kp

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