Any info about Iomega (IOM)? Message Board

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

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To: Andrew Fenic who wrote (7720)	9/26/1996 10:39:00 AM
From: Chris Sterner	of 58324

Andrew, The funniest part of the whole short position is that there are people like Burt and bull just gnawing at the lip wanting to jump in and short Iomega some more. I'd be willing to bet that for every two shorters that close their position there is another one coming in to take his place (also pushing the price up, for now). You can bet that next month the short interest position will still be at least 12-13 million shares. Is Iomega overvalued? Certainly. Is the p/e ridiculous? Absolutely. Does it change the fact that Iomega 'is in play'? Not at all. Greed is on both sides of the ball and thats what makes this the roller-coaster that it is. My target price is 33. I'll be a seller on the way back down and not until then. Luck to all, Chris

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