Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Any info about Iomega (IOM)?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Paul Dubsky who wrote (7341)	9/20/1996 5:08:00 PM
From: Cogito	of 58324

Paul, how would manipulation by shorts explain today's action? Yesterday's 3 point gain was left intact. And certainly, most people who are short on this stock got into it at lower prices than today's close. So they are not making money right this minute. A better explanation is simply that today was a triple witching day, and this action is not unusual when you consider that. There really are too many shares in the float for anyone to manipulate the price much. We longs have no reason to be unhappy with this week's events. Yesterday's upswing was the biggest upward movement in several weeks, and it came on heavy volume. And at 17 7/8, the stock is higher than it has been since the beginning of August. It really does look like the bottom is around 14. The future is bright. - Allen Murdock

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next