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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Box-By-The-Riviera™ who wrote (34997)	12/10/1999 6:24:00 PM
From: Lee Lichterman III	Read Replies (2) of 99985

Saw your post and I hate to beat up on a new poster to the thread but knowing nothing about PMTC, I took a quick gander. First thing I noticed was the chart... You said it was screaming sell. I see a looooong consolidation period basing for a move up as it traded around 15 forever it seems. It then started a nice climb. I would have said TA said it would move as the bollinger bands were tighter than a ... well you know <g> Second you said solid FA made you buy it. From Yahoo's profile of the company... >>>>For the nine months ended 7/3/99, revenues rose 1% to $777.5 million. Net income before extraordinary item rose 26% to $76 million. Revenues reflect growth in the Company's installed customer base. Earnings also reflect the elimination of interest expense on the Computervision debt that was paid in the 2nd Qtr of 1998.<<< OK revenue only climbed 1% and that was from them getting rid of expenses, not necessarily real growth. I then looked at the PE ratio and had to figure it out myself since I couldn't believe what Yahoo showed.. OH MY GOD it is right!!! A PE Ratio of over 63 on growth of 1%. I have to thank you for showing me this stock. I will do more research to be sure but if this isn't a screaming short, I don't know what is. What am I missing????????? Seriously, post here or PM me and explain what I didn't see in my 30 second look at this. Good Luck, Lee

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