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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (33471)	10/27/1997 8:33:00 AM
From: Gary Wisdom	Respond to of 58324

Truff, watch the volume today . . . If we lose a point today without a lot of volume, that should be very bullish on IOM. I hate like hell to bail too. My strategy for today is rolling through my mind minute by minute. I have Nov 25s and stock. I was up some $1.25 on my calls BEFORE today and would surely like to lock in some profit (I have a good number of them). However, if you've been following them, you'll note that the premium on the calls disappears as the stock approaches $30. I don't know if selling them on a $1 price drop would be as smart as selling some stock as the premium should protect this somewhat. I am very curious to see if the Dec 30s really drop. I'm there if they do. Even more interesting will be the Feb 30s. With another great earnings report coming in January, these might be the best play. What do you think?

To: KM who wrote (33471)	10/27/1997 8:58:00 AM
From: Michael M	Respond to of 58324

OP:28. Fear seems to have greed by the throat this morning. Will be interesting to see if CNBC gleefully points to potential disaster all day as they have ever since they started in on 10th anniversary of 1987, a couple of weeks ago. Hopefully there's a half-way responsible editor over there. Don't know what it really means but I suspect the HK $ will eventually get slammed. Eventually expect some slide in European currencies. US $ will not go back to '85 levels, but those are probably more in line with economic (if not political) reality than valuations of recent years. Many of our imports will suffer but where we have better and proprietary products...? There is also some potential benefit from cheaper foreign money (we do manufacture a FEW things overseas, right). Also, I would look at the failed recovery on Friday as a reaction to Intel's feared slow-down more than the price of an apartment in Hong Kong. Obviously, I'm not a trained economist, but, Hey, since when did they know everything. Going to be a bumpy opening (I've got lots of Nov 25s...and these things SHOULD be going way up...damn). Good luck to all. Mike