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

To: Steve Wiz who wrote (38770)	12/7/1997 8:53:00 PM
From: Gary Wisdom	Respond to of 58324

To: Steve Re: your commentary Thanks for the intelligent review. Your points are right on. BTW, do you think we can have the short squeeze this week? It would be very helpful to those that hold Dec calls. Thanks in advance for your help. :)

To: Steve Wiz who wrote (38770)	12/7/1997 8:55:00 PM
From: Richard Smith	Respond to of 58324

so, did your firm cover its iomega short yet? regards, RS

To: Steve Wiz who wrote (38770)	12/7/1997 9:08:00 PM
From: KM	Respond to of 58324

<<Indications are that Soros fund management has doubled their position, ditto for Fidelty.>> Do you know anything about Vinik's position - increased, decreased. etc.? Thanks.

To: Steve Wiz who wrote (38770)	12/7/1997 9:14:00 PM
From: Senthil Sankarappan	Respond to of 58324

Good Comments Steve. esp i agree to the Zip price reduction after Christmas than now. There is no real competition for Zip at this stage and so why reduce the prices big when people are under buying pressure till Christmas. After Christmas, Zip sales might slow down a bit since shoppers might have been done for a while. That will be the time to lower the price and try to maintain the Zip sales momentum. Re: Short Squeeze, i don't think we can expect anything now. It is possible if IOM can give a big earnings surprise along with some good product announcements (Sony Killer?? ;-) Thanks and post some more info about the moves from institutions when you get to know about them. -senthil

To: Steve Wiz who wrote (38770)	12/7/1997 9:22:00 PM
From: Neil_L	Read Replies (1) \| Respond to of 58324

<<A short squeeze is almost imminent. >> Steve, I did find it interesting that after declining for 6 months, the latest short figures show an increase from 12,109,741 to 13,885,724 (~15%). IOM did have a good November rising over $6 but it still looks like a bunch of IOM bears out there. Its even being currently discussed on "Roger Babbs Shorts" thread. Neil.

To: Steve Wiz who wrote (38770)	12/7/1997 9:29:00 PM
From: kjude	Respond to of 58324

Steve, i always did like that soros guy. last time it came to light he had bought iom we began our move. the shorts have to run sometime. thanks for the info. can i ask where you recieved the soros buying indications?

To: Steve Wiz who wrote (38770)	12/7/1997 9:38:00 PM
From: m-top	Read Replies (1) \| Respond to of 58324

Steve, I agree. What seems clear is that the big guns want IOM higher now. I would be very suprised if IOM is not moved significantly higher prior to the upcoming split. Sun Tzu and The art of War: All war fare is based on deception. Particularly relevant in the financial markets, particularly relevant to the recent spate of barrons sandbag attempts. Two in the past several weeks, and counting. When a stock is being quietly "marked up", such as seems to be the case with IOM now, articles such as this are a matter of routine and will be tailored to defocus and destabilize the trader at the very time focus and commitment to ones position are required. Subsequent price action will generally be orchestrated to "confirm" the dreaded news. There are only a limited number of IOM shares available and it would seem the market making fraternity would be very pleased if you were to surrender your shares at these levels. The media will create whatever mood meets the needs of the financial powers at a given time. You can always count on the probing and insightful journalistic staff of any dow jones company to be replete with admonitions at market bottoms and jubilation at market tops. The good news is, such text book scare tactics generally precede significant moves. The timing of this article is impeccable! Lets look at what IOM has going for it. Fundamentally, you all know the story. Technically, the speculative element of '96 has been taken out and IOM is now largely in strong hands, IOM has been slowly marked up for the past year to a 52 week high, and, it currently sits near so called overhead resistance at 33-34. Once breached, IOM should explode to the upside - the days of fractional moves will be over. Out on a limb ..... 50 by early next year. John

To: Steve Wiz who wrote (38770)	12/8/1997 3:42:00 AM
From: Brendan2012	Respond to of 58324

Why such a change Steve? I remember you as being very bearish (ahem...KE selling all/half his shares?). Brendan