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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!
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To: Steve J. who wrote (5985)11/28/1997 10:18:00 AM
From: Herm  Read Replies (1) of 14162
 
Alright Steve!

According to stocksmartpro.com HMTT trades at a 62% Discount PE Multiple of 7.8 X, vs. the 20.8 X average multiple at which the Computer Peripherals SubIndustry is priced. Indeed, the charting for HMTT looks very good as an entry point.

1. The RSI set at 14 days indicates a reading of less than 30 which is a low point for HMTT.

2. HMTT has been hugging that lower Bollinger Band (seems to be the norm) for some time.

3. The MACD indicator is just about ready to reverse! All very bullish indicators that HMTT has reached a bottom support level and is way oversold. And, a PE of 7.8 is a screaming BUY ME NOW! Reminds me when TECD was at $22.

4. An entry price of $13 to $14 is very attractive for the smaller investor. The memory chip companies have taken a beaten and the price of 200 mhz. computers are starting to drop below $1,000 which will encourage more upgrades and new first time buyers. So, hard drive demand should increase.

I'm amazed the vast gigabytes hard drives you can buy for $200 that they slap into those cheaper computers. The earnings report is due out in January! Perfect timing for getting a jump on the institutions!

Looks like a good buy!
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