RUBBISH 3.1 - Rocky's Un-Believably Bad Iomega Shorter's Histrionics
Today the DOW, NAZ, techs, including SEG were all down.
IOM was up again, this time by 1 to 20 1/4. But the big news is, IOM broke out of it's 6 month trading range, smashing very strong resistance at 19 3/4 in the first 15 minutes of trading. The shorts continued to pump out their silly rumors in an attempt to discredit IOM to the new momentum players. The strategy seems to have worked well at the close, with IOM falling off it's high of 21 1/2. But the ask rose in after hours trading to 20 1/2, giving hope that there will be another early rally tomorrow. Most people thought this was very bullish for IOM. Some feared the rally would fizzle after IOM refused to comment on takeover rumors. Others, like me, think this is just the beginning of something wonderful.
All the excitement today made Rocky a little forgetful. He said he shorted more IOM at 21, but failed to mention either the margin call he probably suffered on his 16 3/8 short position, or the status of a recently collapsing COMS long position. Oh well, easy come, easy go. Or as Rocky says: easy go, squared.
techstocks.com
In a burst of psychedelic creativity, spurred by his recent vindaloo overdose, Rocky amused the ever growing audience of the INFOS thread with two installations of a funny and clever western short story. It features a tapped out gold mine as an undisguised metaphor for our favorite stock. The only real fault with it is it doesn't yet mention yours truly. Of course there will be more installments, so there's hope yet.
techstocks.com
techstocks.com
It seems fickle to change the 'up on high volume' slot the day after these immortal words were first posted: "This means IOM will be bought by Microsoft because it would be a perfect match. The pre-emminent marketer of bulky, disc gobbling software and a half-assed imitation Mac OS, combined with the marketing-saavy maker of equally chintzy hardware that houses it." But we must, because Rocky came through with a more compelling simile in:
techstocks.com
So without further ado, here is today's, almost perfected ....
RUBBISH 3.1 - Rocky's Un-Believably Bad Iomega Shorter's Histrionics
IOM
Price
Change ........Volume ......... Rocky's Interpretation
------------------------------------------------------------------------------------------------ Down ........... Low .............This means IOM is drifting again. Just like a fat, balding man sitting in an inner tube, floating in the pool in the hot sun under the rusting sign of some cheap, sleazy roach hotel on the outskirts of Reno.
Down............Medium ....... This means IOM is being used as a helpless pawn
Down........... High ............. This means IOM is a dead cat
Unchanged.....Low.............. This means IOM is a dumped dog
Unchanged.....Medium.........This means IOM is a narcotic drug
Unchanged.....High.............. (unknown)
Up................ Low .............. This means IOM is a little boy, who sits alone sulking in his bedroom on Palo Alto Drive. His black eye swells and throbs, administered by the older, bigger boys
Up................ Medium ....... This means IOM is a dumpster among tech stocks, a broken stock, an Institutional bear trap; So a slight run-up is in order. We may have begun this today, as a matter of fact.
Up................ High ............ This means IOM will probably crash through the floor, taking out the plumbing, the laundramat downstairs, and the furnace in the basement.
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The story of Rocky's IOM mining days can be found at:
techstocks.com
The 22 megashare question: where will Rocky cover his shorts?
Number of days unanswered: 36
Price change since then : +3 7/8 |
