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


To: Gary Wisdom who wrote (36649)11/20/1997 10:18:00 AM
From: Roland Fehrenbacher  Respond to of 58324
 
[Volatility]

This ridiculous volatility going from 32 to 30 1/2 in 1 hour is mainly
caused by some small market timers who like to gamble. The chances
that you win or loose are 50/50. Almost all the orders that went
through yesterday were smaller than 3k shares.
Probably most guys are speculating on a close at 30 on Friday. This
kind of option speculation worked well in the past, but it didn't
the last two times at expiration, and I have my doubts it will this time.