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

To: Cogito who wrote (46186)	1/29/1998 12:54:00 PM
From: Gottfried	Respond to of 58324

Allen, >>almost all of the people who bought this stock since May of 1996 "have nothing or less than nothing to show for it."<< Right. Below are the calculations. I assumed ALL shares for a given day went for the closing price. GM PS: histogram available by e-mail price sum of sh x100 $0 $1 0 Example $2 0 1958670: # of sh x100 >=$7 $3 0 and <$8 $4 0 $5 0 $6 0 since 5/1/96 since 5/1/96 $7 413176 #sh x 100 #sh x 100 $8 1958670 <$8-->2371846 <$9--> 9043717 $9 6671871 >=$8-->36108100 >=$9--> 29436229 $10 2461528 $11 2862114 $12 5773480 $13 3978223 $14 3127724 $15 2998880 $16 2073016 $17 1201122 $18 95948 $19 591714 $20 703910 $21 1180992 $22 867644 $23 775116 $24 0 $25 0 $26 405394 $27 0 $28 339424

To: Cogito who wrote (46186)	1/29/1998 5:58:00 PM
From: Tony B	Read Replies (2) \| Respond to of 58324

Allen, I too am one that fortunately is still above water. I am in at a post-split cost of about 8 (bought at various times right after the 3-1 split in early 96). I have "lowered" my cost considerably by writing covered calls against the stock. Month after month I would sell and buy back calls- usually at a profit. If the stock rose, I would roll-up. If the stock dropped, I would lock in a gain or roll-down. If it was flat I let time value erode. It was like collecting a dividend. Most recently I sold the Dec 30's for almost 5 with the stock at 33 pre split. I played it conservative last week before earnings and sold Feb 11.25 for 2. I bought those back the next morning for 3/16 and rolled down to the Feb 7.5 for 1 7/8. These three trades alone theoretically lower my cost by about $6/share based on the current price. I plan on letting all my shares get called. Why? No premiums left in an 8 dollar stock. That is why the last split pissed me off. I know it sounds self serving but there is little/no money left to be made by selling calls on IOM now. KE killed the price of the stock. How many funds want to buy an $8 stock? Also let all the shorts "off the hook". Has anyone else been writing calls against their IOM position? If so I would like to hear how it has worked for you. After my shares are called I plan on employing this same call strategy on Compaq Computer. With their split last week, they are a perfect candidate for writing calls at about $30. Good luck to all TB