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

To: Stacy J. Matter who wrote (38204)	12/2/1997 1:37:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 58324

Stacy, re your options question To you, $3.25 is cheap. To the seller, $3.25 was a good price. Basically, you will break even if the stock closes @ $33.25 (not including commissions). You will not get any premium selling these from now until the expiration close. Do you have a price that you want to sell them at? If not, you're making a mistake by buying them. As to whether they are cheap or not, we'll all know in the next 13 trading days. My advice: pick a sell price and watch the market. Good luck.

To: Stacy J. Matter who wrote (38204)	12/2/1997 1:48:00 PM
From: Tom Gebing	Read Replies (1) \| Respond to of 58324

Stacy - I can't promise you did the right thing, but based on the current up trend with a solid resistance to this down draft in techs, you should be OK . I suggest you decide and put a mental stop limit on what you are willing to lose if things go bad, and have a profit level that you will clear out the option. ( unless you plan to exercise the option into stock on or before expiration day). I can tell you that when I use options for a added long position, I look at earnings dates, go several mouths out for added protection against an unknown surprises ( i.e. February ) and look for expected announcements dates. It gives me more then enough time to make a profit and to protect against a slight down draft. Also, February you will notice , is the month after earnings we be out. Good luck with them and be patient, but also be ready to act if you loss level is reached. They will drop quickly in value during the month of expiration. Regards, Tom