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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: s martin who wrote (26901)	12/12/1997 10:06:00 PM
From: Pugs	Respond to of 55532

********JUST FOR YOU SMartin!!!! ANOTHER GREAT MOMENT IN SHORT HISTORY!!!!*********** _____________________________________________________________ >>>>Subject: Any info about Iomega (IOM)? \| Previous \| Next \| Respond \| Earnings \| Iomega Clubhouse \| You have 1 unread message To: Brian Lempel (13015 ) From: Joel Sternberg Monday, Dec 16 1996 6:45PM EST Reply # of 39674 Brian, whether short covering is good or bad is a matter of opinion. On the one hand, if you were counting on a huge short squeeze driving the price way up, it is bad. On the other hand, if even the shorts are starting to cover some of their position (and I emphasize some, not all), then Iomega might be approaching something that even they consider to be a reasonable price. While I have heard, like you, that they consider the proper price to be around $6, I have been told that, given the present environment, holding out for something below $12-$15 on the downside might be fraught with too much. Unlke some longs, short sellers do want a risk premium for bearing risk, and in the case of Iomega there is a lot of risk on both sides.<<<<<<<<<< __________________

To: s martin who wrote (26901)	12/12/1997 10:13:00 PM
From: Pugs	Respond to of 55532

Subject: Any info about Iomega (IOM)? \| Previous \| Next \| Respond \| Earnings \| Iomega Clubhouse \| To: Steven Messina,L.M.T. (13000 ) From: Joel Sternberg Monday, Dec 16 1996 4:32PM EST Reply # of 39674 I think it is apparent that shorts have already been covering like crazy. Who else do you think is buying in 10's of thousands shares as this thing cascades out of control? As the stock has been ticking down, there have been 10's of thousands of shares bid at the new bid. Those are shorts who are covering. Institutions that are accumulating do not operate that way to the best of my knowledge, albeit woefully limited in comparison to the expert around here. You bulls should be thanking God for the shorts (covering)