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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: wbpfta who wrote (11382)	8/14/1999 11:51:00 AM
From: Herm	Respond to of 14162

Hello! PMTCI'm reading on the weekly setting a stock that is moving with an upward bias sideways with higher lows and higher highs lately. On a three year horizon overhear resistance is a solid $20-$23 from the current $14.00 level. That is because of the people waiting a long time to unload their stock at that price. Recently, PMTC reached the 52- week high of $22.25 and quickly dumped that attempt. No doubt PMTC will make another attempt. The upper and lower BBs are starting to narrow! NASDAQ: (PMTC : $14 15/16) $3,771 million Market Cap at August 13, 1999 Ranks 975th in the Fortune 1,000 on Revenue & 447th on Profit. Employs 4,911. Trades at a 46% Discount PE Multiple of 23.0 X, vs. the 42.3 X average multiple at which the Software & Services Conclusion? It would be a ok time to buy into or hold onto PMTC. CCing will coming up soon! You will get a much higher premie if you hold and wait for the OCT 20 earnings release. PMTC has a 23% growth rate and the earnings recently came in with a +7% surprise.