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


To: Gary Wisdom who wrote (44210)1/21/1998 5:37:00 PM
From: Brendan2012  Read Replies (1) | Respond to of 58324
 
You have a different use for that info than I do, then. I don't mind getting such info 15 minutes late, and I haven't yet used that info to make a trade, nor do I plan to. I just find it interesting.

I know I wouldn't have bailed at $30 (though I did sell some of my Feb 15 options then) because I wouldn't have wanted to miss an unexpected turnaround, and I wouldn't have wanted to pay taxes. I also didn't really think IOM would go below 30--at that time I thought maybe it would fall from 33 to about 30 based upon lack of news, but what happened was much more than I thought.

I think I'll stay away from such short term trading, except for some reasonably long term options which I would buy before news such as the Clik! announcement or this upcoming earnings report (I bought some Aug 15's recently). We really do gain an advantage in getting/predicting news first here!

Brendan