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Non-Tech : Any info about Iomega (IOM)?
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To: Richard Karpel who wrote (41242)12/22/1997 12:21:00 PM
From: Roland Fehrenbacher  Read Replies (2) of 58324
 
>> Maybe I'm misunderstanding your point, but a short has to BUY stock to cover.

The shorts were covering at the bid not at the ask. I noticed that
all the way down to 22 that there was essentially no buying interest
from large players (well kind of obvious otherwise the slide wouldn't
have happened). Large sizes at the ask were hardly ever taken out,
but on the bid size they were.
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