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


To: Gary Wisdom who wrote (37267)11/24/1997 4:35:00 PM
From: Gary Wisdom  Read Replies (3) | Respond to of 58324
 
Oh, and one more thing . . .

To those that posted that silly chart that showed Iomega would close Friday close to $25, one big "I told you so"

What your chart doesn't show you is what % of the open interest is stockholders writing calls, what % is those writing naked calls, and what % of those buying calls (speculating).

The past 3 months have shown this chart to be useless (at least for Iomega)

With that said, please do not stop posting your charts as I assume there are some here that do find it useful, for whatever purpose.

P.S. Sorry, I couldn't resist. My apologies if there is the slightest sense of satisfaction in this post.



To: Gary Wisdom who wrote (37267)11/24/1997 4:42:00 PM
From: Michael Coley  Read Replies (1) | Respond to of 58324
 
RE: Dream On!

Gary,

>> So, for those of you that think we'll see $40 by Christmas, you're looking at a more than 30% increase in the price in a month. Dream on. It ain't going to happen unless Santa himself helps us out. <<

You never know what Santa KE will bring us for Christmas. <G>

I think I agree that we'll see a $30 - $35 trading range between now and the next earnings. I've been tempted to put in some $34 7/8 sell orders and $30 1/8 buy orders. I think I'm just going to sit and wait, though. I'm not that confident that the top end of the trading range will hold.

- Michael Coley
- i1.net