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Non-Tech : Any info about Iomega (IOM)?
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To: Linda Pearson who wrote (18782)3/26/1997 1:23:00 PM
From: Joel Sternberg   of 58324
 
>Joel,
<I am not sure why you say that. He is trying to explain the unusual movement in the stock since the
fundamentals did not change since two days ago.>

You said it.They didn't have to. Bingo. .(period)<

I honestly don't understand your point.


> Linda
P.S.:
By the way, who was it that got hold of the rumor yesterday? My broker is pretty good at tracking
down rumors. Must have been for a select few who chose to risk 10's of <

Chew on this for a second. You're a short seller. You have piece of information that you know will drive the Iomegans wild, but you don't want to short more than you have presently shorted. Would you:
1) Do nothing?
2) Cover some of your position so you could reshort at higher prices?

Now, we do not fit into the above category, but many short sellers do.
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