Presstek -- Stock of the Decade?? Message Board

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

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Jan 2 9:30 AM EST

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To: NEIL MACK who wrote (7783)	1/14/1998 10:30:00 AM
From: Olu Emuleomo	of 11098

Neil, Actually, the reverse would be the case. If somebody was trying to accumulate 1m shares, they would buy within a range say b/w $24 and $26, until people/or market makers catch on and run up the price. You would see avg volume at $24 to say $25 and the stock will close unchanged or with a slight gain for the day. At $26 they stop buying and the stock drifts down again! Basically they need to create as little attn as possible b/4 its clear that the stock is being accumulated. When they are about done with their campaign, they will now buy with abandon to draw attn to the stock, so that the late comers can now run up the stock and they can now show a nice gain in their position. --Olu E.

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