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

To: John Lacelle who wrote (45908)1/27/1998 8:26:00 PM
From: Michael Coley  Respond to of 58324
 
RE: Jump from Short Covering?

John,

>> I think we will see a nice jump once the shorts begin to cover. This could be a great short term play. <<

Don't count on it. Short interest was about 14 million (out of 275 million), which is the lowest it has been in a long time. That's only about 5%. With over 60 million shares trading in the last three days, there's been PLENTY of opportunity for shorts to cover if they wanted to.

- Michael Coley
- wwol.com


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