Any info about Iomega (IOM)? Message Board

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

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To: Ken Pomaranski who wrote (40594)	12/18/1997 5:49:00 PM
From: Bearded One	Read Replies (2) of 58324

Ken, it's really an accounting trick. Yes, we'll have twice as much to cover, but a 1 point move will be harder with twice the float. The market cap hasn't changed. By your argument, we'll make twice as much money for each point down, and the longs will lose twice as much. The EXACT SCENARIO can never happen again because 2 years ago, Iomega was on the Nasdaq where it is much easier for the MM's to generate momentum and squeeze the shorts. Accounting tricks like this are one of the things that draw us shorts to this stock.

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