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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: jtig who wrote (9108)11/19/1998 6:26:00 PM
From: Herm  Read Replies (1) of 14162
 
WOW! New 52-week high and PEAK RSI! Pull back Baby! NOVL average
volume is 4 million and today NOVL traded 10 million. TIMBER! You
have more than 50% increase in volume, upper BB tag, and PEAK RSI
reading. NOVL is going to pull back starting tomorrow.

P/E is overvalued! TIMBER!

NASDAQ: (NOVL : $16 3/4) $5,847 million Market Cap at November 19,
1998 Ranks 734th in the Fortune 1,000 on Revenue & 517th on Profit.
Employs 5,800. Trades at a 52% Premium PE Multiple of 67.0 X, vs. the
44.0 X average multiple at which the Networking SubIndustry is priced

askresearch.com
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