Any info about Iomega (IOM)? Message Board

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

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To: macwu who wrote (3000)	6/15/1996 4:01:00 PM
From: Joe Rizzo	of 58324

I do not think short interest is accumulating. Every day I check with Bear Stearns, a major clearing house for small to mid-size firms. Stock loan has been telling me that Iomega is getting easier to borrow. An example of this is the short interest rebate received when shorting Iomega. When I first started shorting the stock, the rebate was 0%; now I receive 4%. The full rebate on a stock that is not hard to borrow is 4.375%. I understand that a full rebate is forthcoming. Further most traders I have spoken to have thrown in the towel and given up on shorting Iomega. A final note: I keep track of volume of put and calls for this stock. Surprisingly as Iomega has fallen, the call buying continues. Even Friday, the call buying exceeded put buying by almost 5 to 1. Also the put premiums are declining, as well. This tells me there is still more downside, in my humble opinion. I think the fact that the stock no longer goes up on good news also supports this thesis. Joe Rizzo JMR Trading PS I covered the additional short I put out at 46 last week, but still remain heavily short--I have a target price of 25.

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