Any info about Iomega (IOM)? Message Board

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

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To: Sabrejet who wrote (9316)	10/18/1996 12:23:00 PM
From: Andre Lukas	of 58324

>>I did not sleep at all last night!!>> Aw come on Richard, you did not sleep not because of IOMG, but the baby kept you awake. BTW Congratulations!! Today is a very interesting day for IOMG. Of course MMs still control the stock. Remember how it dropped almost 3 points at the closing minutes, and now up 2 points in the morning trading. 3 steps back and 2 steps forward, so it is back around 25. The current price attracts a lot of Oct22.5 (2,500) and Oct25 (4,500) calls. The expectation from Q3 is just tremendous from all those option buyers. Let us see what happens at the bell. I suspect IOMG will close below 25 unless some forces push it down to 22.5 near the endto make 22.5 and 25 option worthless. It still baffles me as why anybody would buy Oct25 at 3/8 right now. The risk/reward is not that good. Good Luck to you whatever position you have in IOMG. Remember baby needs shoes etc etc. Andre

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