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


To: Gary Wisdom who wrote (53324)4/21/1998 9:07:00 PM
From: FuzzFace  Read Replies (2) | Respond to of 58324
 
Isn't it funny how the number of shorts went up AFTER IOM's crash? The exact opposite occurred as IOM aproached its top in November, the shorts bailed en masse. Now, how come everyone always says shorts are more savvy than longs? It looks to me like IOM is the antithesis of the momentum stock, destroying short and long momentum players alike. IOM - nobody gets out alive.

Anyway, Rocky may have been right in one respect: today looked like a short squeeze. Too bad he assured us so many times before that it couldn't happen to IOM since IOM shorters are pros who can't be stampeded, and IOM is now on the NYSE not NASDAQ, and not enough of the float was shorted, and he'd gladly pay you Tuesday for a short-burger today. Wait, today is Tuesday. And Rocky paid up. Hmmm.

In all fairness, I had given up hope that IOM would ever again have a short squeeze. Just goes to show, once you learn something well enough, the rules always change.