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Non-Tech : Any info about Iomega (IOM)?
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To: Erik J. Lupien who wrote (1718)5/19/1996 2:44:00 PM
From: michael ehrenberg   of 58324
 
Erik:

I believe that options expiration day was on Friday. Perhaps, there
was much in the way of short covering before their options expired
totally worthless? (Hail the shorters - once again burning in bankrupt hell while us longs profit!). Usually a stock goes down with a combination
split and the announced 5% dilution. I don't think this is the case with
this stock. Remember the split back in February? Then the dilution was
called off and the stock actually went down (which is counter-intuitive).

With counter-intuition still likely to play a role, more people trying
to jump on the train at the split price, and overdue OEM announcements.
I think we'll continue to see our portfolios grow in value!

As always LOOOOOOOOOOOOOOOOOONG and STROOOOOOOOOOONG on IOMG!!!

Mike E.
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