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


To: Ben Antanaitis who wrote (34765)11/7/1997 10:15:00 AM
From: KM  Read Replies (1) | Respond to of 58324
 
Ben: I hear ya. I'm looking to roll out. I see that we're coming back this morning but I don't trust it. Looking for the right point to sell Nov and move out later in the day or Monday.



To: Ben Antanaitis who wrote (34765)11/7/1997 10:25:00 AM
From: Markas  Read Replies (4) | Respond to of 58324
 
Open Option Interest
Hi Ben,
Thanks for all the great info and charts. I'm a big follower of open option interests and how they affect stock prices around expiration. This has benefitted me several times in trading IOM. All other things being equal I would agree with 25+/-1, however, given new announcements, Comdex, and what I perceive as a changing market attitude toward IOM, I'm looking for a close on the 21st between 28.5-30. I don't think we will close above 30, but IOMs recent strength should balance the "pull" toward 25. I would not be surprised to see us drop under 26 intraday before the 21st, at which time I'll be buying Feb, May, and maybe even Nov calls.

Markas