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Technology Stocks : BMC Software
BMCS 0.005200.0%Nov 10 3:57 PM EST
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To: T-Lo Greens who wrote (620)3/5/1999 2:04:00 AM
From: Paul M. Rengier  Read Replies (1) of 1492
 
Tony you are right. This is disastrous for the chart. BMCS will pop up to some charting programs as a good short, despite its fundamentals.

@34 bottom fishing should occur + the shorts will cover and the technical indicators will switch to the positive side. The option pressure point indicates 45$ in 2 weeks, but this is not a strong indicator. My guess is 40, so you could sell march 40 puts naked @34 and collect around 7$ premium in a couple of days. But you need a lot of guts for this.

Paul
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