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Non-Tech : Any info about Iomega (IOM)?
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To: paul flint who wrote (7364)9/21/1996 7:05:00 PM
From: Mama Bear   of 58324
 
>>> Anyway, however many in-the-money options were
open at the close will be executed this weekend and all those shares change hands, or
the money does, anyway. Not sure, but I'll bet that has a very positive effect on trading
Monday. Priming the pump, as it were...<<<

Strange, my perception is this would make the market weak, as holders
of 12 1/2 and 15 calls sell their stock. Since an option trade is an
inherantly short term strategy, these new holders of the stock would
be likely to sell. Throw in the 17 1/2s and we're talking about 2 1/2
million shares that hit the market at the bell. Seems that would be
selling pressure to me. I understand IO has traditionally been weak
the week after expiry. Add in the Fed meeting on Tuesday, and we could
see a price decline. I will be keeping my eye on the action Monday AM.

Barb
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