Zitel-ZITL What's Happening Message Board

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Technology Stocks : Zitel-ZITL What's Happening

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To: Warren Gates who wrote (2271)	12/29/1996 10:05:00 PM
From: jeffrey roberts	of 18263

I was invested in Iomega from November 1995, and held on thru the short squeeze in May 1996. As I watched the price rise to $55+, I lost sight of the fact that this was indeed a short squeeze, and not fundamental value of the company being recognized by the investing community. As a result, I lost out on a golden opportunity to realize short term profits in excess of 300% because my style was more along the lines of Peter Lynch (buy long and hold long term in a nutshell). My advice to anyone with a gain of 30% or more is to SELL IT ALL and take advantage of this extremely rare profit opportunity. You owe the stock nothingat this point.That way you will have taken advantage of a short squeeze, and will be able to buy back in two weeks at a substantially lower stock price. A short squeeze is a very short term effect, and may already be over. Don't fumble this ball thinking about tax implications or missing out on bigger stock closing prices. The only other observation I can give is that when the squeeze was in it's last two days for Iomega, the stock price went way high in the last half hour of trading. It seemed that the big short positions were covering at that point. With 20/20 hindsight, Jeff Roberts

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