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Non-Tech : Any info about Iomega (IOM)?
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To: Francis Muir who wrote (25633)6/20/1997 8:36:00 AM
From: Teddy   of 58324
 
re:That looks like a 9% increase in amounted shorted between those dates.

Uh, i don't see your point (but i'm only 13). From what i can tell: the number of shares that have been sold short and need to be bought to cover has decreased by 7.3% (the date used is 6/13/97, i think a few more people last week as well).
My point was that it appears that there are now less people that believe that IOM stock will go down. As i noted, this is at a time when short interest (measured by number of shares, not the value of those shares) increased in other stocks.

Seems that there are still plenty of shorts that will be driving the even higher when they begin to cover in earnest (my guess is that there will not be a real squeeze untill the $28 to $30 range, or after earnings release).

Also, aren't all those new products cool! Me thinks we will be selling lots of disk to go with them.
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