Magic,
I used to own quite a bit of PMTC. Parametric used to make slow steady progress each day. Nobody ever noticed it. It was rarely mentioned in publications (nice). Each year it would split like clockwork. It also had trouble getting over multiples of 9, but, for example, once through 63 it would quickly gain to 70 or 71 and then languish. I held it for many years and ended up with a sizable amount of shares.
I finally sold in Jan or Feb. of 98, just before the big tumble. I mentioned that I had purchased more before the impending split and was tipped that I should not have bought. I was told there was about to be a big shake up in the CAD/CAM industry. What that shake up involved, I do not know and did not care at the time. I was out at the absolute top.
There used to be a board on motley fool, where I used engage in shameless bragging (not hype, as it was based on truth as the charts revealed). My posts are listed under JumboJulep. You might find some information about the event which caused the industry group to plummet (I think it may have been the Asian automobile industries, especially those in Korea). If I might say, Parametric was the best performing and most reliable stock I ever owned. It had, until 1998, one of the most beautiful charts I have ever seen The management with great skill, made PMTC the industry's giant.
Good luck w/ PMTC and please tell me via my mail box here, what you have learned and what your decision will be.
Kyle Hibbs (JumboJulep) |
