Any info about Iomega (IOM)? Message Board

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

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To: Winner Victorious who wrote (7299)	9/19/1996 10:34:00 PM
From: paul flint	of 58324

WV: It ain't just Shorts. There are 25,000 expiring in-the-money call options, too! Lotsa money and lotsa shares will be HAVE TO BE changing hands tomorrow. The open September calls represent 2.5 million shares to exercise, whether the options get bought back by the sellers, or the stock actually changes hands. That will spike the price all by itself. Add this to the ~25 million shorts, and you may just unnerve enough of them to start a stampede. Today was just a sample. Might be quite a little move tomorrow. Interestingly enough, any remaining expired in-the-money calls DO get exercised on Saturday, so the price pressure can continue to build up over the weekend. Net result: even though the week after the triple-witch is ordinarily dull or even a bit down, with the added pressure of in-the-money weekend calling, Monday might turn out to have a gap up in the morning! In any event, good luck to all! This could be the beginning of something beautiful!

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