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Non-Tech : Any info about Iomega (IOM)?
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To: Michael Canario who wrote (7483)9/24/1996 12:27:00 AM
From: mark lerman   of 58324
 
This is from a news release for 9/23:

On the AMEX, the November 20 call traded more than 2,000 contracts. The November 22-1/2 traded about 1,250.

Traders said an institutional investor sold 1,000 of each.

This is not a good sign because:

1. Someone selling calls is obviously expecting the stock to go down.

2. Someone with 2,000 contracts (that's 200,000 or $3.75M) to sell is not a dummy (or are they?).

-m
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