Any info about Iomega (IOM)? Message Board

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

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To: Bald Eagle who wrote (7794)	9/26/1996 6:22:00 PM
From: eDollar.com	of 58324

Hello. I think the IOMG short sueeze is gradually ending. If you calculate the vol for the last week divide by 2 (bcause NASD counts them twice) and assume approx 60% were short covering (very conservative), you can see that it is close to 25 mil short. I guess, the market is getting too risky, and if the market goes down, IOMG can. But it has some momentum still left. It will not go back to 15 but may stabilize pretty soon at 20. It went to the 25-27 range I thought it would before. As for tech analysis the 30 resistance is too weak. Thechnically I dont think it is a resistance. From the charts their is no resistance for this stock, but plenty of support. This stock trades erratically. Once it stabilizes buy and sell if you wish to

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