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Non-Tech : Any info about Iomega (IOM)?
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To: Archie R. Wortham who wrote (3531)6/26/1996 8:28:00 AM
From: John Hoagland   of 58324
 
All:

From todays WSJ:
The largest volume decreases in short interest were in
Iomega Corp., down 4,249,261 shares to 16,338,007
(adjusted for a 2-for-1 stock split last month);

So much for hopeing for support from shortcovering

Should be interesting day : (

Also note story on Cabot & his newsletter vs management firm
Concern is followers of his that have losses in other stocks that have to sell IOMG to meet margin calls
A previous post mentioned that "paper" losses did not mean anything if you did not sell...they do indeed mean something if you are on margin !!!
Mark to market every night !
Then risk of call from margin clerk

Caution
JTH
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