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Non-Tech : Any info about Iomega (IOM)?
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To: Roland Fehrenbacher who wrote (36796)11/21/1997 10:25:00 AM
From: Tom Carroll  Read Replies (2) of 58324
 
RE: Why the options manipulations are stopping

Roland,

There's an easy answer to why IOM has started
closing above the "sweet" strike price on
expiration day every month. The pressure
on the stock from the options manipulators,
who do what they can to hold it to that sweet
price, is being OVERWHELMED by the stronger
pressure from institutional and, to a lesser
extent, individual buyers who are accumulating
because of the growing earnings quarter-over-
quarter. It's a case of the fundamentals pushing
aside the daytrading. Enjoy it while you can.
This company is definitely a growing entity,
IMHO. Of course, I'm a long who invests based
on fundamentals, so you can judge my remarks
from there.

Cheers, Tom (long IOM)
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