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Non-Tech : Iomega Thread without Iomega

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To: SouthFloridaGuy who wrote (3785)11/10/1998 4:13:00 PM
From: Rocky Reid  Read Replies (1) of 10072
 
As I posted initially, I never shorted KTEL. My broker had no shares to lend me. Good thing too, because KTEL headed up. It has been sucked up by all of the Internet Stock hoolpah. I caught a break on that one....

Fortunately for IOM Shorts, IOM is not an Internet Stock. In fact, the Internet is the enemy of Iomega, as off-site data backup services are growing rapidly. No need for Iomega...

But my GERN Short is proving to be a magnificent move. It closed at $12 1/4, down over 8 points from my Short price of $20 1/2 just 3 trading days ago.
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