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


To: KM who wrote (34431)11/4/1997 11:36:00 AM
From: Gary Wisdom  Respond to of 58324
 
<< wouldn't have made that bet.>>

Truff,

I made that bet because I am trading on the history of the stock. When the buyers leave each morning, the price drops. There's only been a few days in the last 3 months with volume over 6 MM (where the buyers hung around all day).

I am covered with calls long. Should I be wrong, I'll make much more money on my options than I'll lose on the short. If I'm right, I'll pick up a quick $1000 while not giving up my options.

Either way, considering I bought Iomega much much later than most of you, I'm doing ok.

We'll see. I hope you're right!!!