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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: Vanni Resta who wrote (310)	7/1/1998 12:00:00 PM
From: Rocky Reid	Read Replies (1) \| Respond to of 10072

>>...how long do you want to hold your short position and how much profit do you want to take. << I expect IOM to be around $4.80 within a couple of weeks for a 20% profit in my short position. It has already breached this level intra-day of its most recent collapse. I would hold longer than this, as I believe that IOM is headed down below this level longer-term. But its movement will slow once it hits the upper $4's, making it not a very attractive trading stock. However, it will continue its long agonizing slide downward. I fully expect IOM to be in the high $3's by the end of this year.