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

To: kjude who wrote (37763)	11/29/1997 11:50:00 AM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

To: kjude Re: trading I don't know anything that you don't. IMHO, trading success depends on several factors: 1. Patience - the most important factor 2. Capital/cash managment - the most important factor 3. Not buying speculative options - buying in the money or close to the money options is the only way, IMO, of making money in this field 4. Do your homework - don't guess. Know the fundamentals. 5. Have a game plan - have a plan and stick by it. For example, I felt very comfortable based on the trading patterns (price/volume) that Iomega would base at $26 last month. So, I felt very comfortable with call options with a $25 strike price. Now, I see that base @ $30 and would feel very comfortable with these. Note: there is no reason that the price can't temporarily fall below that base. Unless the volume accompanying that drop is huge, this is no problem. 6. Pay attention - should things change, be prepared to react. Cut losses if necessary and move on. Good luck.