Stenzrob's specials

[IIC]

SMTI posted Q1 results this morning. Nice.

Saw that...thought of you...BTW: WITS reports A/H on 10/21...they had a feature in Call Center magazine this month too

[stenzrob]

Saw that...thought of you...BTW: WITS reports A/H on 10/21...they had a feature in Call Center magazine this month too

How sweet of you to think of me. I'll see where SMTI goes for a while. Of course, I already knew when WITS would report. That one is a long term hold as far as I'm concerned, unless they mess up somewhere along the line. Looking for around $30 in one year. Checking out BABY right now. Actually would have bought some if it had pulled back to the 20 day average, but it advanced again instead. Oh, well.

[thebign1]

MSN Screener

Originally Posted by stenzrob
By the way, since I am currently not able to run my screener, I am finding some new buy candidates..........

regards ... stenz

Hey Stenz, I can run the screener for you and post it. Just let me know which one you would like me to run. I believe I have most of the one's that you posted.

Regards, Norm

[stenzrob]

Norm,
Thanks, but I am now able to run on another computer, just not the one I usually use.

[grebnet]

Prft

Hey Stenz......Still holding this one

[stenzrob]

greb - That was an interesting pop & fade on PRFT. I had not been following it closely, although I did remember it had been on my screen. Since you posted, I went and took another look. With the recent guidance revision, this looks a bit undervalued to me. I picked some up today for $4.01.

Thanks for the reminder ... stenz

[IIC]

AMEX to open options trading on 22 securities including WITS.

http://biz.yahoo.com/prnews/041018/nym220c_1.html

Witness Systems, Inc. options will open with position limits of 3,150,000 shares. The options will trade on the March expiration cycle. The specialist will be TANSTAAFL Research & Trading, LLC. Witness Systems, Inc. provides business-driven multimedia recording and analysis software.

[billyjoe]

IIC, Is this a good thing for WITS? Looking good today.
billyjoe

[IIC]

IIC, Is this a good thing for WITS? Looking good today.
billyjoe

I don't know...I thought it would be good...but pretty big drop A/H...Stenz...or anyone else???

Meanwhile, I'll ask around

[stenzrob]

I don't know...I thought it would be good...but pretty big drop A/H...Stenz...or anyone else???

Meanwhile, I'll ask around

Let me tell you everything I know about options and how they affect the underlying stock price.
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OK. Now that we've gotten that out of the way, my guess is that this would be good for WITS. It gives institutions a way to protect their positions. Let's say someone wanted to take a significant position. With no options to insure a safe exit, they may be reluctant.

I've heard it said many times that some institutions won't touch anything below $15. That makes no sense to me, but what does make sense is that they won't touch anything they can't insure using options. It may also be the case that no MMs bother covering a stock with options until after it reaches and looks to hold that level, also that there is sufficient trading interest.

This is all conjecture on my part. I am most definitely an amateur.

[IIC]

Yeah...I sort of heard the same thing...should peek the hedge fund's interest...IIC

[IIC]

One last look before I either retire...or get a second job

http://trimurl.com/K2

[stenzrob]

According to MSN Money pages, WITS is currently selling for price/sales of 3.13 and (half year) forward PE of 49.3 x FY'04 earnings. This valuation assumes continued healthy, not necessarily stratospheric, growth. In order for the share price to continue to appreciate, they will have to meet or beat the revised guidance they provided in July, and either confirm or raise guidance for FY'04.

For the guidance provided in July, see

http://news.moneycentral.msn.com/ticker/sigdev.asp?Symbol=WITS

Each report may be either an excuse to start selling off or a catalyst for more gains. We'll see what's in store for WITS after the close tomorrow.

[stenzrob]

FYI - I sold half of my original $11 WITS position from February today at $16.60. Just over 50% return in about 8 months. Wish they all did that. Looks like some people are nervous about earnings. I actually tried to sell it all, but it dropped off before they could take it all.

I went back and looked at the last several quarters and at the guidance for Q3 (report out tonight). If the guidance is met, it will still look very good year-over-year, but revenue would be almost flat sequentially. After the report, I will be looking for an opportunity to either get those shares back for continued run or dump the remainder.

Good luck to IIC or anyone else that might be holding WITS.

[stenzrob]

They took the rest going into the close.
I now have no WITS.