Any info about Iomega (IOM)? Message Board

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

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To: Joel Sternberg who wrote (18594)	3/24/1997 7:20:00 PM
From: Rocky Reid	of 58324

Once the numbers come out for this past week's activities, I'm sure they will bear out my theory that the price stability was due to short covering. It seems this latest wave of short covering is ending, which leaves IOM free to fall into the 13's as no one is willing to buy at this level. I am still seeing a 3 to 3 1/2 point rise during earnings, so at this point, 17 1/2 to 18 seems as if it could be a price to sell short again and ride IOM down to the single digits. The failure of IOM to rise after April 18 will shake out even more of the old-guard Motley Fool IOM types and also cause more institutional short selling. The overall morale of this stock is pretty low, and combined with it's P/E 34, leaves it ripe for the short sellers.

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