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

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To: Mama Bear who wrote (7410)9/22/1996 8:42:00 PM
From: Michael Rick   of 58324
 
Barbara:

There is no way that 30% of options are exercised!!! The overall average percentage is closer to 2%. Why would any options trader take delivery and risk selling on Monday? Monday could be a very volatile day (big news on tuesday=light volume=manipulation by day traders and mm's). A few points can be erased very quickly after the open. Bamm! An open at ~16.75 and a dive to 16 or 15.5 and most of Sep 15 gains are gone after taxes and commissions.

Could it be alot of Sep 15/17.5 holders are short sellers who hedged and will use the shares to cover? Maybe. Maybe not.

Michael
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