Iomega - A Civil Discussion Message Board

STOCKTALK

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Non-Tech : Iomega - A Civil Discussion

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To: stan roberts who wrote (1616)	6/6/1997 1:01:00 PM
From: PF	of 1908

The following is only my opinion: The company's fundamantals are very strong, but stock price manipulation by the shorts will always result in a pullback after a spike. At this point, you might as well hold on to your shares until the next spike. Stock will probably bottom out at about $17.5 to $18.5 after this latest play. Next spike up, probably after laptop zip begins to ship in quantity. Stock may get over what you paid for it on that move. Although this latest game will leave a bad taste for a while so investors might be more cautious next time. Don't worry too much, eventually improving fundamantals will make the shorts go away. Then there is always the possibility of a short squeeze. Wouldn't that be fun. However, it would take some sudden and extraordinarily good news to make that happen. Rumors will not cause serious short covering. All of this is just my opinion and I'm often wrong. Good Luck, - Pete

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