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

To: Gottfried who wrote (45566)1/25/1998 6:03:00 PM
From: Gary Wisdom  Read Replies (1) | Respond to of 58324
 
Gottfried, wanna make your money back? Here's how.

Sell 10,000 shares on the open at $8.75. Buy them back at $8.6875 1 hour later for a $625 profit.

One hour later, short 10,000 shares again for $8.75. Buy them back an hour later for $8.6875. Now, you have a total of $1250 profit for the day.

Do this 3 more times. Your profit for the day is $3125. Not bad.

Of course, I may be wrong. The stock might move 1/8 if more than 10MM shares trade.


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