Any info about Iomega (IOM)? Message Board

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

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To: Michael Canario who wrote (7381)	9/22/1996 2:53:00 AM
From: Robert Skinner	of 58324

No way selling pressure monday !!! Iomega stock has just started to come off it's bottom. I state bottom becouse when earnings predictions were lowered iomega closed down that day 1/16 pt. As a matter of fact I was watching the bid and ask price that day and Iomega was trading bewteen down 1/16 and up 1/16 when closing bell rang. It was a flip of the coin for it to close up for the day. Now that Iomega is up a few points people want to say there are week hands in the stock that will sell after this small gain. Looking at the volume of fridays trades (what about 16 mil shares traded) the day traders or short turm traders are probably out. Heck the stock went up to 19 7/8 then down to about 17 1/2 then up agean to close at 17 7/8 closing going up from a earler low of the trading day. The fact is the market closed while Iomega was going up agean. Oh ya there seems to still be a lot of shorts out there to be squized. So we have a few points from a solid botton. Stock closing while going back up and a lot of shorts out there. Sell no way I bought this stock to make money. Cheers Bob

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