Any info about Iomega (IOM)? Message Board

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

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To: slipnsip who wrote (17751)	3/9/1997 6:09:00 PM
From: exit 49	of 58324

>What we are talking about is the imbalance of 20 some milion short covering in a very rapid fashion thus throwing a huge inbalance into the daily buy/sell stream. This ultimatly would cause the price to rocked as we look for equilibrium.< "a huge imbalance" is putting it nicely - those 20million shares can not be bought without 20million sells to fill them - shorts must cover at some point - price becomes irrelvant - buy now or pay even more later is the devil's choice that fuels the squeeze - this does not even take into consideration the carnage momentum traders can cause if they decide to pile onto a devloping squeeze - does anyone really think that the mometum types are not watching this closely - especially after the wsj article on io short numbers - how much down side profit can be considered to be left in this stock versus the potential for upside disaster for shorts

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