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Non-Tech : Any info about Iomega (IOM)?
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To: Herb Fuller who wrote (17031)2/25/1997 11:12:00 AM
From: Joel Sternberg   of 58324
 
>Joel----

Present short position = 23,021,394

Todays volume = 1,441,200

1,441,200 / 23,021,394 = 15.97 days of trading at todays volume .

Not Good

You will need the volume to pick up to get out of this one without having your tail feathers being pulled out .

As they say in Reno,

GOOD LUCK<

Given the fact that we are the ones holding the big profits on our position, I would venture to say that you are the ones in need of luck. You have no idea how easy it is to cover shares in one of IOM's frequent downdrafts. As far as updrafts, we don't buy into them, we add to our short position.

.Herb
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