Any info about Iomega (IOM)? Message Board

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

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To: Bill Fischofer who wrote (24587)	6/6/1997 11:36:00 AM
From: Brent D. Beal	of 58324

to all, last time IOM spiked a few weeks ago (from around mid 16s to a high of 19 3/4), I took the bait and started packing my bags for a nice runup--luckily I bought June options, which I ended up making a little money once the stock spiked again (up from 17s to a high of 21 1/2). I'm not going to make the mistake again of thinking these spikes are anything permanent, I could have made a killing on June options if i'd waited for things to settle down a few weeks ago and then bought at 1/4. The same thing seems to be happening now, the smart money is getting our of the June 20s (down 20% this morning) and is probably going to wait until the stock settles back down to the 18s or 19s, then we'll see another run and the smart money will have bought into July 20s will make another killing. We'd all be a lot richer, as least the longs would, if we'd play these ups and downs. Given the fundamentals of IOM and the fact that a lot of money is being thrown around to move this stock, I have to suspect that, although it may not be outright manipulation, there is at least a tacit game being played. I vote we join the party and buy on the troughs and sell on the runups. How about it?

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