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

To: Cameron Dorey who wrote (50601)	3/18/1998 11:18:00 AM
From: Naggrachi	Respond to of 58324

"I'm still trying to pick stocks that actually do GO UP!" Checkout SIEB, was at $11 three weeks ago, announced a 3 for 1 split and has taken off ever sine. The funny thing is I refused to buy it at $17 because on that particular day it was up $6 and didn't think there was much upside left in it. Not to mention, didn't feel like doing my homework on it either. So I left it alone. Keep in mind, float is only 100k and I think a short squeeze is in full force. Zead

To: Cameron Dorey who wrote (50601)	3/18/1998 11:26:00 AM
From: Rocky Reid	Read Replies (1) \| Respond to of 58324

IOM shouldn't really do much of anything due to options expirations on Friday. But next week should prove interesting-- especially the latter half. The current price does not take into account all of the bad news. The realization of a loss this Q is only now sinking in. As more people do the math, the scarier the outlook becomes. IOM's drift downward may take some time, but it will happen. KE & Co. seemed VERY concerned about the financial situation during the last CC. If you re-read the CC, you'll pick up on things you didn't before. The strange thing is, IOM was not an attractive short in the $8's. But it is in the $7's. Don't forget, IOM has already broken very important support levels at $7 (briefly).All things currently taken into account, it is safer to be short IOM rather than long at this point.