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Non-Tech : Any info about Iomega (IOM)?
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To: TokyoMex who wrote (33031)10/22/1997 8:30:00 PM
From: Warren Gates  Read Replies (1) of 58324
 
I would agree that the short squeeze has not started yet. IOM has a lot of shorts but I would think that a lot of these are hedged with calls or written puts. However, you can only protect so much with options, and at some point it's going to hurt.

When IOM starts gapping up at the open and closing at its highs, then we know that the squeeze is on. I think we'll have a couple more up days, then a pullback to the 28 level.
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