We know where the fundamentals are with PCTL, and there is nothing wrong. PCTL is close to its Price multiple of 25, which is near the low of the year. Further, PE of 25 is also at the low end of consensus projected earning growth for next year (mean is 30 and high is 35). We also know that PCTL is a trader's stock. So, one plus one equals sit tight and exercise discipline and not panic. If one is not a trader, don't trade. If one is an investor, we know the long(er) term trend is up. The worst thing is to sell now only to see it snap back tomorrow or the next hour. It is this non-pro mentality that the professional traders are counting on to make money.
Just another sideshow:
Thursday November 21 4:52 PM EDT
PictureTel Makes Movie Debut in Ransom
Videoconferencing industry leader appears in blockbuster starring Mel
Gibson
ANDOVER, Mass., Nov. 21 /PRNewswire/ -- When filmmakers at Touchstone
Pictures wanted to include the latest cutting-edge technology in their
new blockbuster, Ransom, they turned to the world leader in
videoconferencing technologies, Picturetel Corp . PictureTel is featured
in one of the drama's pivotal scenes -- a science fair in New York
City's Central Park.
Ransom, which stars Mel Gibson and Rene Russo and was directed by Ron
Howard, is the story of how wealthy parents work to rescue their
kidnapped son and bring the kidnappers to justice.
"When the Ransom producers wanted to show videoconferencing in their
film, who else would they turn to but PictureTel, the industry leader,"
said Rick Faulk, vice president of Corporate Marketing for PictureTel.
"We are pleased to be involved in such a successful film." |
