Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Herb Fuller who wrote (17056)	2/25/1997 2:12:00 PM
From: Joel Sternberg	of 58324

>Joel, You don't know what my position is an this time . How low do you expect this issue to go ? A high short in the past has given bottom support to other issues. Do you think that IOM is any different ? The 15 1/2 level has got to break for the shorts to be able to cover at lower levels and this will take more volume than we see at this piont . < Obviously, given our short position, we believe it can go quite a bit lower. I don't think you really understand how short sellers cover. Except in very unusual situations, no one forces shorts to cover, so we don't care if the short interest is 500 times the volume. Sometimes shorts are never closed out. I have no idea how 15 1/2 is signficant. I'll have to admit, you have me on that one. Don't you have some other board to "piss" on?

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