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


To: John Solder who wrote (52628)4/16/1998 9:44:00 AM
From: Ben Antanaitis  Respond to of 58324
 
Morning All,

Well, today is the day. Here is your assignment:

This afternoon, someone with access to a realtime quote feed needs to monitor the IOM trades. Remember last time, the action began before the close of the market day and before the official results were reported. This will be our first official clue (that's in contrast to some who are clueless, but post anyway).

Some interesting Open Interest action (via the CBOE site):


Call vol Put vol
Thursday 4/9
5 695 5 248
7.5 11354 7.5 7532
10 5870 10 7263
12.5 711 12.5 114
Wednesday 4/15
5 821 5 258
7.5 13979 7.5 12168
10 5776 10 3726
12.5 711 12.5 88


Looks like there is 'betting' on both sides of 7.5, but more PUTS have been created than CALLS. Obviously, the MAX-PAIN point is 7.5.

Ben A.



To: John Solder who wrote (52628)4/16/1998 9:47:00 AM
From: Hunter Vann  Read Replies (2) | Respond to of 58324
 
S&P Futures down and Iomega up ... 1/2 x 9/16ths ... Appears Rock is in another hole .... Thank God he doesn't do this for a living



To: John Solder who wrote (52628)4/16/1998 10:45:00 AM
From: John Lacelle  Read Replies (1) | Respond to of 58324
 
John,

Do not panic. Its about lunch time on Wall Street and I see the DOW
is up 57 points, and the SnP500 is up 3. Iomega is up. I'd buy
those calls on IOM. I visited a little computer demonstration
yesterday and checked out "Buz". A rather interesting device. Even
Rocky would have to admit that it blows the competition and could
be a whole new market.

-John