Presstek -- Stock of the Decade?? Message Board

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

PRST 0.0001000

0.0%

Sep 29 10:16 AM EST

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To: Guodi Sun who wrote (844)	7/20/1996 2:02:00 PM
From: Richard F. Hubbell	of 11098

Hi Guodi - how are you? It is good to see a post from you Guodi. I hope all is well with you. I am interested in your idea about what lies ahead for the stock price this week and especially when earnings are released. You are probably well aware of how IOMG got punished on Friday (went from about 28 to 23, roughly 18% loss, on about 14,000,000 shares - with never more than a 1/4 point spread) after announcing earnings that were better than analyst's projections. The reason given why they were punished is that the earnings were not 'much better' than projections. This scenario has been repeated all over the NASDAQ, leading some analysts to conclude that high multiple companies are in a bear market right now. What do you think about this - do you agree? By the way, an 18% loss for PRST would put it at about 51. Thanks for sharing your thoughts. RH Perhaps we might hear from others as well on the this subject, since PRST is certainly a high multiple company, whether one is bullish or bearish.

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