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

To: sheila rothstein who wrote (35892)	11/15/1997 12:28:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 58324

Sheila, re: price movement I guess the thing that gets most of us is how stocks like AMZN, with no earnings and little revenues, can go up $4 in a day, and IOM won't. I know AMZN came down from $65, but it still smarts that we don't have momentum players in Iomega. Oh well. The other thing that really gets me is the activity in the options. The bid on the Nov 25s reflected zero premium yesterday all day. So, someone can buy them as a pure play on which way the stock will go next week and pay no premium. As a holder of a few of those (most of my options are February calls which also reflect a pitiful premium), I get upset that there are so many sellers of these calls and/or writers of covered calls for November. Am I the only one that believes in this stock? (rhetorical question - I know everyone on this thread does too). I think that I'm just going to bail out of my Novembers as soon as we hit $30 next week and roll them immediately forward. I just can't stand to watch people selling them. In the past 3 months, I've doubled my investment in the current months' calls with Iomega, each and every month. I had more of them that I sold over $5 a few weeks back and then bought them back @ $3. It always come through at the end. I don't know on what basis those on this thread think the stock will close at $25 this week. Their rationale is the multitude of Nov 25 calls out there. However, the last 3 months, there were also a great number of current month calls open interest @ $25, and the stock has always done well on expiration. To me, this reflects the fact that the open interest reflects a positive bias on the part of the market maker, not a negative one. I guess we'll find out again this Friday. Glad you're back on the thread.