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

To: Zebedee Wright, Jr. who wrote (52966)	4/17/1998 10:30:00 PM
From: sheila rothstein	Respond to of 58324

ZBD, Is stuffing the stocking with IOM stock like stuffing the channel? SR

To: Zebedee Wright, Jr. who wrote (52966)	4/17/1998 10:35:00 PM
From: Gary Wisdom	Respond to of 58324

Zebedee, re: May 5 calls bid at 2 1/16. But you only have a month until your moneys gone. Chucky came up with a great point though. If I buy the calls in lieu of the stock and it goes to $4 by May expiration, I've lost only the $2 1/16 for the calls but I would have lost $3 1/16 on the stock. And if it goes to $5.75 one week before expiration, I lose $1.31 on the stock, but less than that on the calls since someone will pay me at least $.75 for the call. Of course, if the stock goes up, I make the same amount on the calls as I do on the stock. So, IMO, the calls are a much, much better bet. Of course, I would only do this if I owned the stock right now, which I don't. So for me, it's a moot point. For anyone holding the stock, it is a no lose situation (that's of course assuming you plan on holding it for the longer term)