RUBBISH 3.3 - Rocky's Un-Believably Bad Iomega Shorter's Histrionics
Tuesday, IOM closed unchanged at 20 1/2 on relatively low volume.
Rocky, irrationally unexuberant as always, gave it his best shot, but his heart just didn't seem to be in it. In his post:
techstocks.com
the Rockmeister compared IOM to the old tire he hasn't had the money to replace since shorting IOM at 16 3/8. But it was verbose enough to replace his canine simile, "This means IOM is a dumped dog " and become enshrined with his other rubbish.
Today, backpedalling so fast it looked like he was going forward, Rocky scared the heck out of most longs by suggesting IOM will do well this year:
techstocks.com
"If fortune smiles on IOM shares at the end of this year, I'd get the hell outta Dodge soon after"
So there you have it, Rocky believes IOM will rise for the rest of the year.
But speaking of getting the hell out of Dodge, someone faxed me the following unbreakable mathematical cipher. Rocky, could you please decrypt it for me?
"essage-Mae to ocky-Rae, re: omega-Iae hort-sae osition-pae.
Let X = the door
Let Y = Rocky's ass
Do not let X intersect forceably with Y on the way out.
igned-Sae, oel-Jae"
That's all there was. Spooky, eh?
And now for the real rubbish.
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 kind of like that old rear left tire, the tread worn and starting to show the steel belts underneath, where one can almost hear the air slowly escaping from the rusting valve.
Unchanged.....Medium.........This means IOM is a narcotic drug
Unchanged.....High.............. This means IOM is forming a nasty little head and shoulders on the 5-minute chart. And the 5-second chart doesn't look so hot either.
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 long experiences can be found at:
techstocks.com
As of close 6/11/97, with IOM at 20:
The 22 megashare question: where will Rocky cover his shorts?
Number of days unanswered: 43
Price change since then : +3 5/8 |
