Any info about Iomega (IOM)? Message Board

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

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To: Jay Chaffin who wrote (8311)	10/4/1996 10:13:00 AM
From: Jeffery E. Forrest	of 58324

Good question. If it holds at the 20 1/2 level, then I think it will probably go into a trading range. Thats assuming that earnings come in with no big surprise up or down. Actually I see it breaking support if it only meets earnings(6 cents?). I think with the high P/E etc. that unless they come in at 7-8 cents it could spell trouble. I know thats a rather ambigious answer, but I think thats the way it's gonna be till earnings, everyone sitting and waiting. If theres any suprises though "HOLD THE DOORS NELLIE" this pup is either going to fly to the moon (most shorted stock on NASDAQ) or crash and burn. I'm covering both ways. If you're long it's probably smart to hedge with some puts.(I could easily see it going to 10 or less if they miss a number.)Lots of manipulation in IOMG. I read where theres a short thats also long a million shares or more and you know those shares will get dumped in a New York minute if they miss numbers. IMHO IOMGs management will massage the numbers so earnings will be a non event (7 cents?)

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