Any info about Iomega (IOM)? Message Board

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

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To: Markas who wrote (35058)	11/11/1997 4:21:00 PM
From: Gary Wisdom	Read Replies (1) of 58324

To: Markas Re: Here's some free trading advice Markas, Don't fret about missing today. Tomorrow could be a down market day and you'll have a chance to pick some more up. However, here's 2 pieces of advice for you: 1. Don't screw with the December calls. You're paying a big premium and only getting 3 weeks in that month. Plus, the earnings come out in January. Barring a Comdex push, your next big push for Iomega will come January 20th or so, when they release earnings. Buy the February calls. 2. Don't bother putting in option bids under the market. The only way you'll get filled is if you get screwed (i.e. the market moves quickly against you). Determine the price you want to buy, and wait for that to be at the ask. Then pounce. What happens is that your bid becomes the floor for the specialist. Thus, even if your bid is more than fair value, he'll leave it as the bid and you'll get ripped off. Anyway, it's worked for me. Use it if you want. Good luck.

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