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


To: KM who wrote (36731)11/20/1997 6:36:00 PM
From: Gary Wisdom  Read Replies (2) | Respond to of 58324
 
Truff: re your options post

The poster says that he tried to sell the Nov 30s @ $2 when the stock was at $32 so he surmises that the market makers don't expect it to be that high tomorrow.

I cannot say where the stock will close tomorrow. But the fact that there's no willing buyer @ $2 doesn't surprise me in the least. There were very few times today that the bid on Iomega was $32. So, why should anyone (including the market makers) pay $2 for this option.

To me this post doesn't mean a thing.

We'll find out tomorrow.