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Non-Tech : Any info about Iomega (IOM)?
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To: Stacy J. Matter who wrote (38204)12/2/1997 1:48:00 PM
From: Tom Gebing  Read Replies (1) of 58324
 
Stacy - I can't promise you did the right thing, but based on the current up trend with a solid resistance to this down draft in techs, you should be OK . I suggest you decide and put a mental stop limit on what you are willing to lose if things go bad, and have a profit level that you will clear out the option. ( unless you plan to exercise the option into stock on or before expiration day).

I can tell you that when I use options for a added long position, I look at earnings dates, go several mouths out for added protection against an unknown surprises ( i.e. February ) and look for expected announcements dates. It gives me more then enough time to make a profit and to protect against a slight down draft. Also, February you will notice , is the month after earnings we be out.

Good luck with them and be patient, but also be ready to act if you loss level is reached. They will drop quickly in value during the month of expiration.

Regards,
Tom
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