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Non-Tech : Any info about Iomega (IOM)?
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To: Guy Gordon who wrote (9127)10/17/1996 10:49:00 PM
From: Jeffery E. Forrest   of 58324
 
Very good GG. It's been so long, I forgot who I stole it from. Now for $1000 and a Newww Carrr!!!, which album was it from? ; )

The NYSE news was downright shocking. I couldn't believe my ears. I just hope they fare better on the big board than aol and Bay Networks have. (big difference is that aol is a has been, and BAY has SO MUCH superior competition)

Awhile back I was writing about IOMG trying to change their image from tie-dye to suit & tie. Looks like I was on to something.

If the Ditto ads in more mainstream type publications was a Trojan Horse attempt to get their foot into the corporate door, a move to the "BIG BOARD" certainly wouldn't hurt their efforts.

It's going to be fascinating to see what happens to the volatility factor.

Looks like I lost a couple hundred dollars on my PUTS, but I'll more than make it back from my CALLS and the 1000shares I've been hoarding.

Actually, not to be a wet blanket, but it ain't over yet. IOMG could still drift back to 20 or so. With earnings coming in good though, that little gap between 20-21 turns into a good support level now. It'll be interesting to see what happens tomorrow.

I'm wondering just how many shares there are out there still short. I bet not many. I think anyone expecting a huge run-up caused by a short-squeeze is going to be dissappointed. Just my opinion.
Talk to you later
Jeff
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