OTEX has a rapis 45% growth rate and a relative cheap P/E
compared to the industry group. NASDAQ: (OTEX : $20 11/16) $364
million Market Cap at March 4, 1999 Trades at a 27% Discount PE
Multiple of 31.3 X, vs. the 42.9 X average multiple at which the
Software & Services SubIndustry is priced.
Turnover Rate: 40.67 Days is a moderately price moving stock. You
should be able to see the move coming. $18 dollars seems to be the
next price support level. You will notice that the OTEX RSI always
seems to head in one direction when it breaks below the 50 RSI marker.
OTEX moves lower. So, I would venture to say if OTEX breaks drops
today it will go to that $18.00 level from the current $20+. I would
CC out a few months at the money to protect your beacon. It is a very
good long stock to hold long but the data is pointing to watch it.
iqc.com
Short interest has been building up. That is alot to overcome without
some fantastic news release. The earnings release is out and it was
good. It made a new 52-week high and profit taking pulled the stock
back. So, what does OTEX have to crank up the stock again. The RSI is
dropping and the volume is dropping. Be defensive with OTEX. Sideways
is most likely the outcome for now. "A bird in the hand, is better
than two in the bush." Lock in some fat CC premies.
Short Interest for OTEX is 2.1% of the shares outstanding, requiring 2 days to cover.
Jan 99 375,528 +181% 259,052 2 days to cover
Dec 98 133,794 +253% 221,858 1
Nov 98 37,876 +18% 134,887 1
Oct 98 32,182 +213% 57,642 1
Sep 98 10,278 -85% 81,497 1
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