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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: Michael Coley who wrote (4494)	11/21/1998 10:27:00 AM
From: Ben Antanaitis	Respond to of 10072

Michael, Typically, a call buyer, who only wanted to 'flip' the call for the call appreciation, sells the call before it ends up in the 'you've got stock to pay for' condition. However, the numbers still look like there will be over two million share that need to be turned over to call holders. Some of these will come from holdings, but historically they are bought Monday morning. They may be sold again later in the day as you say. Some traders sell the shares short during the typical morning up spike and then clear the short position with the shares they get from the call exercise... extending their profits on the transaction. I don't think there will be a long lasting, options related, spike on Monday either, but, all things being equal, I think there will be upside pressure in the morning. JMHO Ben A.