Any info about Iomega (IOM)? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Martin Olsen who wrote (17776)	3/10/1997 10:08:00 AM
From: Joel Sternberg	of 58324

What's REALLY been going on with IOM: Without gloating, I will try to tell you all what has been happening to your dearly departed stock. About a week ago, your friend with the big bids decided he no longer wished to play. I would have expected that to cause the stock to tank right away, but it did not. Why? Because there was a huge amount of short covering around the low 15 area. It appears now that those who wanted to cover at 15+ have done so. The only thing that is supporting this stock is short covering. A squeeze? Hardly. As I mentioned before, when the stock is trending down, covering is easy. Next stop? Whenever shorts want to cover some more. Be forewarned. Do not take any minor bounce as a bottom. Shorts will be shorting more if the stock price gets back into the mid to high 15 range and given their recent covering, they will do so with a vengeance. Are we having fun yet? I know I am.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next