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Non-Tech : Iomega Thread without Iomega
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To: David S. who wrote (9970)5/17/1999 1:47:00 PM
From: vinod Khurana   of 10072
 
IOM puts have been very active for the last week or two. Trading in the 1000's. This could be a bullish signal i.e some big dood betting on either excercising on the cheap or selling them back once the stock picks up.

I am expecting $7 1/2 - $8 over the next three months. The company is definetly not losing market share and has a large presence on store shelves. Its ZIP everywhere you look. Only question remains: Did IOM sell out these drives on the cheap or at a loss to gain wide acceptance of its drives ? If so, look out below. However if mass marketing on the cheap has invreased volume and hence profits, then we could see an upside to $7 1/2 in the next leg of the rally.

Something big no doubt is happening. The HUGE PUT volume is indicative
of this.
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