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 (17868)	3/11/1997 11:15:00 AM
From: Rocky Reid	of 58324

>>In watching the trading today I have noticed that the bid size has been larger on average than the ask size . It looks like the shorts are getting reluctant to adding more capital to the shorting process at this point . If the shorts are willing to commit more capital to the shorting process they could drive IOM's down farther . But they know that at some point in the shorting process the returns will turn negative for them . They may be seeing that point developing now at the $15.00 level . Time Will Tell . Good Trading to All . Herb<< Well, reluctantcy by the shorts can be attributed to the fact that a pre-earnings sucker rally is about to commence. After the earnings come out, if they aren't at least 50% above expectations, the price will again start to recede and this time down close to the $10 level. Remember, with it's P/E of 35 right now, IOM leaves a lot of room for good news to be absorbed without a leap in price. Any disappointment in news? Look Out Below.

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