Options Wonderland

[nlightn]

PMTI...in my opinion it is not topping.

i do see a potential retrace as this one is being shorted. but if more and more positive news starts to come from the company then the shorts are toast.

Institutional ownership of PMTI is 59%. 13.35% held by Insiders. Short Statistics

Shares Short (as of Nov 30, 2010)3: 910.41K
Short Ratio (as of Nov 30, 2010)3: 12.30
Short % of Float (as of Nov 30, 2010)3: 5.30%
Shares Short (prior month)3: 834.56K

if you watch the buying on this is is in slow accumulation mode. now that the anticipated news has come out regarding their product launch this one could move quickly into $15-$18 range.

granted the product release is *what* has been THE potential mover of the price. if the launch is successful then we have winner.

Pivot Points

R4 14.58
midpoint 14.35
R3 14.12
midpoint 13.89
R2 13.66
midpoint 13.53
R1 13.39
midpoint 13.30
PP 13.20
midpoint 13.07
S1 12.93
midpoint 12.84
S2 12.74
midpoint 12.51
S3 12.28
midpoint 12.05
S4