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


To: John P. Henrie who wrote (40482)12/18/1997 1:16:00 PM
From: Rocky Reid  Read Replies (2) | Respond to of 58324
 
>>Rocky indicated earlier that the short of 10+ million validated his opinion of IOM. Just ask him about the short position when IOM was at $10 pre-split. <<

The latest short interest numbers put IOM at almost 14,000,000 shares sold short. UP 30%-40%. And don't bother with the "short squeeze" schtick either, it hasn't happened with IOM ever since moving to the NYSE-- and it won't. The cat is already out of the bag on this stock.

Let's take a look at post-split prices-- $12 1/2 as of today. This is yet another reason why The Street does not take this company seriously.