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Technology Stocks : Presstek -- Stock of the Decade??
PRST 0.00010000.0%Feb 6 9:30 AM EST

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To: jim ratliff who wrote (643)7/4/1996 6:54:00 PM
From: NEIL MACK   of 11098
 
Jim, You must be referring to my answer to "Stockmaster" in the chart section. You misunderstood my response. I'm still 100% long and still adding.

Stockmaster is short PRST. His below prior comments show he has made that quite clear without posting on this forum. I usually do not respond to comments in the chart section as they are usually anonymous or assumed name.

The following are Stockmasters comments and my reply:

> Wall St. Journal slamming PRST AGAIN today - get out now. I sold short @ 129, covered @ 79. Sold agian @ 84 & looking to cover @ 55 - Short's Paradise! Stockmaster Stec on Jun 26 1996 11:43AM

> There's still money to be made on shorting this excuse for a stock - back into the 40's soon! Shortmaster Stec on Jun 27 1996 10:54AM

> It appears that due to the lack of comments on PRST from this site that interest on PRST has died DOWN. The price is sure to follow!
Shortmaster Stec on Jun 28 1996 6:08PM

> MAJOR announcement next week will send stock down - get out before the Holiday! Stockmaster on Jul 2 1996 6:48PM

My Response to Stockmaster/Shortmaster:

> Shortmaster, Major announcement will drive stock down eh? The short side isn't through yet? Since the class action attempt, PRST is up 2. Can't be much more negative news left. Better cover before 55.
Neil Mack on Jul 3 1996 1:31AM

Sorry if my answer gave you concern.

I expect that PRST will stay in this range for a while yet. Low volume on this stock could verify that holders will sit tight....Prior large volume was on negative press that scared many to sell their shares. Expect many to jump back in when earnings are announced in July or additional positive news is released by PRST. I personally have no concern with Class Action and neither does those that I have asked examine the charges. There would have to be more information not contained in the charges and not public to concern me.

Daily trading range is narrowing well. There seems to be some order returning to PRST. Now, let's hope the company will be the provider of future news and the next quarter earnings tell the story.

Regards,

Neil
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