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Non-Tech : Any info about Iomega (IOM)?
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To: KM who wrote (43033)1/10/1998 12:38:00 PM
From: Dale Stempson  Read Replies (1) of 58324
 
**OT** Trufflette

Re: >>>Dale: You buying calls? On what indexes? MSHT? SOXX? You have more guts than I do going into the weekend.<<<

They were SPX (near the money) calls out a couple months and I'm looking to trade through quickly. (Wasn't it a trip to watch how rapidly the market tumbled in those last few minutes?) Friday's combination of an end-of-week blowoff to the downside, very late in the day when the buyers are thin, and relative to an overdone reaction to the Asian situation and fears of next week's earnings reports, all provided a unique speculative opportunity IMO. I believe when clearer heads prevail next week (hopefully beginning first thing Monday), we'll see some sort of bounce back. In any case, I bought in right at the lows of the day (but at a fairly high premium) and am just having a little fun gambling here while waiting for earnings.

Regards - Dale
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