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Non-Tech : Any info about Iomega (IOM)?
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To: Neil Kalton who wrote (33627)10/27/1997 6:36:00 PM
From: D.J.Smyth  Read Replies (2) of 58324
 
keep in mind too that Druckenmiller for Soros fund is among the hedge funds attempting to short the Hong Kong currency. at the same time, they will go long several other stocks. those short the stocks they go long will need to cover as Druckenmiller's purchasing of stocks and requesting delivery of certificates will cause market makers to call in the short positions. the stocks they go long are the stocks which can be the most affected by a currency hedging position; i.e., tech stocks, i.e., of which IOM is one, i.e., of which Druckenmiller is still long as of last report according to IOM
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