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

To: Ken Pomaranski who wrote (40594)	12/18/1997 5:49:00 PM
From: Bearded One	Read Replies (2) \| Respond to of 58324

Ken, it's really an accounting trick. Yes, we'll have twice as much to cover, but a 1 point move will be harder with twice the float. The market cap hasn't changed. By your argument, we'll make twice as much money for each point down, and the longs will lose twice as much. The EXACT SCENARIO can never happen again because 2 years ago, Iomega was on the Nasdaq where it is much easier for the MM's to generate momentum and squeeze the shorts. Accounting tricks like this are one of the things that draw us shorts to this stock.

To: Ken Pomaranski who wrote (40594)	12/18/1997 5:56:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

>>Also, it looks like the stock will split to about 12 or so. This gets very, very dangerous for the shorts. This EXACT SCENARIO happened after the 3-1 split 2 years ago, almost to the day. The stock went up 10x from that point, due (in part) to the resulting short squeeze.<< Nonsense. The IOM share dilution now will be 260,000,000 shares. There will be plenty of shares to go around. A short squeeze failed to occur even when short interest was well above 20,000,000, and the number of outstanding shares was 130,000,000. Instead, last Spring, shorts drove IOM right into the ground. The thing is, a lot of people remember the "good ol' days" when IOM was IOMG. These are not the same stocks. Different times. Different markets. Ever since Iomega moved its stock to the NYSE, it has been a glop of mud on the bottom of Wall Street's shoe. Wall Street is now scraping that mud off using the curb. IOM is going down, down, down.

To: Ken Pomaranski who wrote (40594)	12/18/1997 11:39:00 PM
From: Naggrachi	Read Replies (1) \| Respond to of 58324

<<Also, it looks like the stock will split to about 12 or so. This gets very, very dangerous for the shorts. This EXACT SCENARIO happened after the 3-1 split 2 years ago, almost to the day. The stock went up 10x from that point, due (in part) to the resulting short squeeze.>> Ken, isn't it funny, the same thought crossed my mind this evening. I remember the stock in the teens at the very beginning of '96, it went down lower because managment was trying to float a secondary. However, when the numbers came out the rest was histroy. It's funny that you posted this, becuase I was going to bring it up. Somehow, given the market edgyness (sp?) I don't think will see a run up of that caliber. Zead