Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) Message Board

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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)

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To: FTJoe who wrote (27231)	12/14/1997 5:07:00 PM
From: Pugs	Read Replies (1) of 55532

>>>>>>Subject: Any info about Iomega (IOM)? \| Previous \| Next \| Respond \| Earnings \| Iomega Clubhouse \| To: Brian Lempel (13015 ) From: Joel Sternberg( Mike Kugler ) Monday, Dec 16 1996 6:45PM EST Reply # of 39842 Brian, whether short covering is good or bad is a matter of opinion. On the one hand, if you were counting on a huge short squeeze driving the price way up, it is bad. On the other hand, if even the shorts are starting to cover some of their position (and I emphasize some, not all), then Iomega might be approaching something that even they consider to be a reasonable price. While I have heard, like you, that they consider the proper price to be around $6, I have been told that, given the present environment, holding out for something below $12-$15 on the downside might be fraught with too much. Unlke some longs, short sellers do want a risk premium for bearing risk, and in the case of Iomega there is a lot of risk on both sides. _____________________________________________________________ Remove Joel Sternbergs' name and insert Kugler's. 10-9-8-7-6-5-4...... Pugs

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