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Non-Tech : Any info about Iomega (IOM)?
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To: Glenn Omura who wrote (7302)9/19/1996 11:58:00 PM
From: eDollar.com   of 58324
 
Hi Glenn,
It is often difficult and almost impossible to maipulate stock or
option prices for a 2 billion market cap company like IOMG with so
many shares a float. A single MM cannot do it unless they all collude. Of course institutional investors can have some, but not dramatic influence
. Generally on options expiry, things are very unpredictable and people when
try to exercise the options.

Although options expiry will have some impact on price movement,
this big volume is short covering for the most of it.
If you look into ATML imagine a volume of 12 Million for a not
a big known name. I will nor sell right now unless I know where it
stabilizes. Of cource profit taking will come in. But it is wise
to loose 2 points and wait for profit taking and sell then,
than to sell now and probably helplessly watch it go more.
If I were too conservative, I will sell covered calls. It just
depents what are your priorities.
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