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To: Herb Fuller who wrote (249)	7/1/1998 4:48:00 PM
From: Rocky Reid	Read Replies (2) of 10072

Well, so far I'm only up about 1/8 point in my latest IOM short. BUt that will soon change as earnings draw near. You see, Yahoo currently lists IOM's PE as about 22. Potential investors look at this and think that IOM is relatively cheap for a "high flying" stock. But what they don't realize is that come July 18 or so, IOM's PE is going to jump to over 200 in one day. When people look at their quote services in mid July and see IOM with a PE 200+, many will bail and most will be scared off of investing in such a risky venture. Then the price will collapse down to its rightful place around $4.80. And below. Believe it.

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