Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dan Duchardt who wrote (11407)	8/21/1999 11:54:00 AM
From: Herm	Respond to of 14162

Hi Dan! ABTE is still in an upward bias with occasional normal profit taking. Looking at the chart set on daily does review an overhead resistance around $10.00-$11.00 before any breakout to a new high is possible. Plenty of good hits of profit to come. This stock is selling so cheap. It is hard to imagine any downside. This company is right in my back yard in West Palm Beach. The word on the street is that the takeover king Nelson Peltz group has been buying up the convertable bonds. Mr. Peltz also lives in Palm Beach. He has a very large nice boat I once happened to be at the dock enjoying the tropical breezes when he had his captain and crew drop him and his guest off and was picked up by his security people in a van. So, we are talking some serious money here interested in ABTE. When in Rome, do like the Romans. :-) iqc.com NASDAQ: (ABTE : $9 5/16) $98 million Market Cap at August 20, 1999 Trades at a 64% Discount PE Multiple of 12.4 X, vs. the 34.4 X average multiple at which the Cellular & Telephone Services SubIndustry is priced. You might want to look at those 10s DEC. @ 1 7/8s plus! I don't think ABTE will break out for a new high yet.