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

To: slipnsip who wrote (39306)	12/10/1997 9:31:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 58324

How's everyone feeling these days? Don't know about you, but 8 straight days of going down has taken its toll on me (I don't count Friday's little blip up). I have never held a stock that is so damned volatile in my life. It is exhausting. Just goes to show you that it always pays to have a little cash on the side for these small (15%)($5.00) dips. BTW, one interesting perspective on options trading vs. the LT holders. Today we closed at $28. On Sept. 4, we closed @ $28 too. That means the LT holders have made 0 on Iomega in the last 3 months. In fact, it's cost you to hold it, as you had either interest or the opportunity cost of capital. Those who hold stock, and also trade options, have had the opportunity to either lose or make money in that same time, taking advantage of the volatility. Granted, as you know I do both, I was much more profitable 8 days ago than I am now, I have still made a pretty good amount on this stock in the last 3 months, by taking advantage of the volatility. This is not a "I told you so" post. It is here to reiterate IMO the only way to play tech stocks. And, that is to play the waves. Alas, I am exhausted from dipping below $27 today. I apologize if I have rambled.