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Non-Tech : Any info about Iomega (IOM)?
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To: Robert Skinner who wrote (24434)6/5/1997 1:27:00 PM
From: Brent D. Beal   of 58324
 
Did the same thing, bought a bunch of June 20s during the last little spike up about a month ago and then watched IOM settle back down to 17s from its high of 19 3/4--my options lost 90% of their value. Luckily I held on and finally sold for about a 30% profit at 1 11/16. I keep thinking that I've chickened out and that if this stock makes another 2-3 point move up in the next couple of weeks, I've left a lot of money on the table. On the other hand, I'm expecting IOM to settle back down to around 18. I'm convinced that this stock will break out, alhtough I think we've got another quarter or two before than happens. Hope I'm right.
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