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

To: David S. who wrote (7847)	3/2/1999 8:21:00 AM
From: gil schmidt	Respond to of 10072

<<All those May 5 puts at 1/2 were bought by people fearful or glad in predicting IOM will go lower than 6, and they were sold by lots of people wanting to get IOM stock cheap at 4 and 1/2 or wanting to collect on the fear out there that it will go lower even though they think that it won't go lower. Which are you?>> This is HUGE volume in this option. It consisted of a total of SEVEN trades...one was 9,000 and the other 5,000 contracts plus miscellaneous others. In my view this represents holders of 1.4 million shares of stock who think it has found a bottom and took the premium ($750,000 by my calculations) because they think the stock has hit a bottom. I agree. gil