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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: MMarcelia who wrote (10507)	4/22/1999 10:23:00 PM
From: Herm	Read Replies (2) \| Respond to of 14162

PAYX Hummmm? This stock is sure overvalued at this point! It sure does make a good short in progress. Short interest increased in Feb. and March so far. With the split comes more shares and slower TRO. Insider selling of CEO shares in JAN/FEB. at $48.00 spells RUN! It could stall and fall soon. NASDAQ: (PAYX : $52 1/16) $8,480 million Market Cap at April 22, 1999 Trades at a Premium PE Multiple of 62.7 X, vs. the 26.2 X average multiple at which the Business Services SubIndustry is priced. PAYCHEX, INC. (NASDAQ:PAYX Last Sale: 52 1/16 +13/16) PAYX Trading Summary 22-APR-99 Ticks Money Flow($MM) Avg. Price Small Blocks +162 -166 +4.8 -6.3 51.9879 Large Blocks +6 -4 +3.8 -4.8 52.0538 Total: +168 -170 +8.6 -11.2 out! 52.0083 21-APR-99 Ticks Money Flow($MM) Avg. Price Small Blocks +212 -209 +6.4 -6.1 50.1078 Large Blocks +6 -4 +5.5 -2.8 50.1356 Total: +218 -213 +11.8 -9.0 50.1162 iqc.com Good review MM! Thanks!