Any info about Iomega (IOM)? Message Board

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

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To: Ken Bobey who wrote (7598)	9/25/1996 2:04:00 PM
From: philip weisskpf	of 58324

The shorts ARE NOT covering. This is merely a momentum play. Check out page c20 in wed sept 20 WSJ. Short interest in Iomega INCREASED by 12.4% to over 25 million shares. If this run up is being caused by a short squeeze than there are a whole lot of fools out there still shorting it. At 25 million shares shorted, approximately 4-8 times the average daily volume of IOMG shares there is a lot of short squeeze room left in this run. Assuming the number 85 m outstanding shares are correct (this was posted on this thread earlier) those of us long on IOMG should see a significant rise in the stock if all the shorts cover, and few people sell out. Be careful, and remember this may have started as a short squeeze but todays report in the WSJ clearly shows that there is a lot of "squeeze" left in the stock.

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