Presstek -- Stock of the Decade?? Message Board

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Technology Stocks : Presstek -- Stock of the Decade??

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Sep 29 10:16 AM EST

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To: roy hendin who wrote (769)	7/16/1996 4:53:00 AM
From: Richard F. Hubbell	of 11098

Hey Roy - Now is not a good time to buy/sell. I think that any chance for a push up has been seriously decreased. Stock tried to rebound twice on Monday - probably daytraders covering earlier shorts (I covered mine at 59 1/2 - before I knew about the fourth lawsuit). Once daytraders got done buying there was determined selling. I think you should sell today (Tuesday) - try to sell around 1000 --> 1020 in the morning. That could be the high point for the day. If you really want to own the shares wait until the water clears and then buy them back, there will be plenty of time - legal proceedings go on for years, and sap the company of cash and energy. There is simply too much uncertainty to have your money tied up in this right now - and the market is going to be producing some high quality companies with bargain basement sales prices in the next few weeks, so get your money back and buy something more stable. Take care - and good luck. RH

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