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Non-Tech : Iomega Thread without Iomega

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To: sheila rothstein who wrote (4438)11/20/1998 10:48:00 AM
From: Ben Antanaitis  Read Replies (2) of 10072
 
SR,

At this point in time, IMHO, it appears that only an IOM misstep can derail IOM's current stock valuation trend.

A couple of weeks ago, I read a report, that now appears to be confirmed. It said that instead of covering their short positions, several of the professional IOM bashers/shorters 'doubled down' their short positions in an attempt to blunt/stall/reverse the move that was going on at the time. It appears that their efforts resulted in a 'pull back to support' and that's about all. They also unleashed their journalistic lapdogs over the last week or so and that doesn't appear to have worked either.

Why? Because IOM management delivered results on promises made.

Look upon the short position increase like a coil spring that has just been overwound several more notches. In a future price surge, the extra short positions will only add more leverage and momentum to the move.

Ben A.
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