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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS)
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To: Pugs who wrote (27240)12/14/1997 6:00:00 PM
From: Pugs  Read Replies (2) of 55532
 
>>>>>Subject: Any info about Iomega (IOM)?
| Previous | Next | Respond | Earnings | Iomega Clubhouse |
To: Joel Sternberg (13877 )
From: Y. Samuel Arai Saturday, Jan 4 1997 7:16AM EST
Reply # of 39842
...why do I get the feeling that your company covered its short position
on IOM? Did that cause the run up to 18.50 the other day?
You did mention that the time to cover the short is when people get
bearish...its looking a bit bearish here now...
___________________________________________________________
Its still my contention that the run-ups to $4 were due to short interests covering. I also contend that MM's walking it down to $1.03/share is to shake more shares as their RMIL inventories dwindle. With 2MM shares certified of a 2.17MM share float,IMO, the MM's are setting the table for short interests to cover. They will probably continue their attempts to shake shares as we recieve the rest of our certs. They need paper, and continued lowering of the price keeps allowing us to increase our positions and demand even more certs. Shorts are going to have to cover, when they do, the stock will spike, then we'll see dips as guys sell-off, which is cool, because, we're HOLDING!!!
Nays are questioning my intellect because I see all this as 'bullish', that's fine w/ me....just get me my certificates!!!, Pugs
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