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Technology Stocks : Presstek -- Stock of the Decade??
PRST 0.00010000.0%Sep 29 10:16 AM EST

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To: Thomas J Engelsma who wrote (198)6/5/1996 8:58:00 PM
From: guy leung   of 11098
 
I think PRST will trade down to 90 to 100 then bounce back some.
But the longer term picture is cloudly. The Cabot Letter uses
relative performace lines which are basically a measure of momentum.
Has PRST broken these lines yet. If it did then the Cabot Letter will
issue a sell. Who will be buying the stock then. I have been
following the stock and its options for some time now and I always
thought PRST shorts will have their day but I didn't think the bears
day would arrive so soon after the bulls celebration when the stock
traded 200. Most of the latest news articles out have been just
rehashing of old news. This movement down is with alot of fear and
just build momentum as it got below 150. It went up with this kind
of momentum and now it is going to come down with it.

Does anyone know what Carlton Lutts think of this stock now below
110?
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