Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Janice Shell who wrote (9118)	10/17/1996 5:40:00 PM
From: Andre Lukas	of 58324

<<NYSE news AMAZING... Perhaps good in the long term; I should think not in the short.>> IMHO you are probably right : In the short run MMs will do everything to maximize their revenues as the cash cow IOMG will move to NYSE. Those days with millions shares everyday with 1/8 to 1/2 spreads will be gone. I will not be surprised that MMs will do the followings tomorrow: IOMG will close slightly below 25. The reason? All that call options - over 10K contracts will become worthless. This is probably the last option expiry date that MMs will have any hands in the price of IOMG. How about November 15? If IOMG moves to NYSE after that date, then MMs have another chance to play the option. There are a lot of call options for Nov as well. If this is the case, sell Nov 25 covered calls might be profitable as that options might become worthless as well, thanks to the MMs. Regards and Good Luck Andre

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