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

To: Philip Eskelin who wrote (39148)	12/9/1997 8:28:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 58324

Philip, options are risky whether they're in or out of the money I know it doesn't make you feel any better, but the last 7 days have been brutal to me too (among others). I too have stock and options, and my options have gotten slammed this past week as the stock fell over 13% from its high. And, I hold both in the money and out of the money calls. They ALL got whacked. Ken had posted about the success of his bull spread a few days ago. Even though this is an excellent strategy (as I do the same myself at times), I guarantee you that Ken is not so happy today either. It is the nature of options. Regarding the volatility of the stock, I agree with you. On November 30, I was doing just fine. Now, I'm in the hole again after taking this last 4 point decline. Depending on what options you hold, don't give up all hope. As quickly as this stock moves down, it goes back up. Just cross your fingers and take a valium. I'll be praying with you.

To: Philip Eskelin who wrote (39148)	12/9/1997 8:47:00 PM
From: Ken Pomaranski	Read Replies (1) \| Respond to of 58324

<< I'll think in the money from now on >> The beauty of in-the-money is that the 'delta' decreases as the common drops. This acts as a cushion as the stock falls. (For those who don't know what a delta is shouldn't be trading options, so I won't bother to explain it.) kp

To: Philip Eskelin who wrote (39148)	12/9/1997 9:59:00 PM
From: Lurker	Read Replies (1) \| Respond to of 58324

<<It is definitely risky, and I am finding this out now. Since I built it up from almost nothing, where I stood back in October after my portfolio vanished, it's almost as if my nerves have already been severed. I'm not really worrying, I'm just wondering if IOM will ever break away from these cycles. I really sincerely believed they had after Comdex. This is similar to that break a few months ago from 27 down to 21 (approximates -- I can't remember the exact numbers).>> I was thinking the same thing. The long term support line that I have drawn runs from 4/24 with/15.25 and 4/25 with/15.38 to 10/6 with/22.00 (which is what I think you are mentioning). This would give a current long term support of about 26. I think the Feb. options should be safe. I still feel safe with mine.(But, I bought some 12/30's yesterday because they were so cheap - now I know why) Still, IOM has been so generous to me that I felt like a little gamble. Today is also the first day of negative Balance of Power (Worden's Telechart 2000) since that late Sept. - early Oct. decline. BOP tracks systematic accumulating and selling off. However, it is barely negative. And, during that period 2 1/2 months ago we had a few barely negative days, also. Overall, I think this is still just a bump in the road. The news today is that many companies are expected to have earnings disappointments similiar to Oracle's. I am confident that Iomega will have a positive earnings surprise and this will be a double boost to the stock. I just wish I had more money to buy more 2/25's. Mike