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Non-Tech : Any info about Iomega (IOM)?
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To: FuzzFace who wrote (53334)4/21/1998 10:46:00 PM
From: Gary Wisdom  Read Replies (2) of 58324
 
Edwin, re: Rocky may have been right in one respect: today looked like a short squeeze.

Please Edwin. You're losing touch with reality for two reasons:

1. Rocky was not right (again). He got buried on his short. If he had shorted at $16, then he might have been right. But he didn't. He shorted at the bottom.

2. THIS WAS NOT A SHORT SQUEEZE. Think about it. What kind of idiot would short a stock at $16 and be scared into covering when the stock moves less than a buck against him?

No short squeeze here. The stock would have to go to $12 on heavy volume before any professional covered.
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