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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (33031)	10/22/1997 8:14:00 PM
From: cellhigh	Read Replies (1) \| Respond to of 58324

COULDNT TELL ANY WHAT TO DO...BUT MOMENTUM IS quickly returning. its sort of like catching a rising knife!they cut both ways for sure, so dont keep jerking your shares around unless your very VERY good!.....

To: TokyoMex who wrote (33031)	10/22/1997 8:30:00 PM
From: Warren Gates	Read Replies (1) \| Respond to of 58324

I would agree that the short squeeze has not started yet. IOM has a lot of shorts but I would think that a lot of these are hedged with calls or written puts. However, you can only protect so much with options, and at some point it's going to hurt. When IOM starts gapping up at the open and closing at its highs, then we know that the squeeze is on. I think we'll have a couple more up days, then a pullback to the 28 level.