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Non-Tech : Any info about Iomega (IOM)?
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To: Brian Lempel who wrote (7953)9/28/1996 12:41:00 PM
From: Sabrejet   of 58324
 
Hello Brian! First of all, this is an open forum. It is a place to learn and express your views whether technical, fundamental or just an opinion.

Second, if I can share some advice given to me as a general practice...God gave us two ears and one mouth...translation...listen twice as much as we talk!

Now in reference to why I feel IOMG is a quality short (for a possible 10-20% gain) is because of the short squeeze. Now I would just be guessing but I'm sure not all those who were/are short covered which would counter the argument. I also feel the market technically is about to pull back a bit, possibly Tuesday. Next, the put/call ratio is very low, a sign that everyone thinks all is going north. Extremes are what make you money in the market in the short term and IOMG is an issue that has the nack of doing the extreme...and...the unexpected.

Now as long as the market moves forward and fund managers have to spend, these issues with large short interest will continue to go up. When volume on the whole drops off, look for big pull backs ie:momentum players pulling out.

One last point I would mention is that earnings were already readjusted and down! That's good news for those who are long! Heck, 5 cents was/is below mean call estimates and the price took off after that.

Good talking with you!

Rich

BTW I went long and short on Friday. A good way to make money on this issue.
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