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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: Jeffrey Margolis who wrote (209)6/5/1996 10:02:00 PM
From: Jack F. Lynch   of 11098
 
Jeffrey, as fast as this stock ran up, it is going down even faster. My expectation is that this correcton has a ways to go. The wire release regarding Cabot and the SEC investigation is a real wild card. If the SEC comes down hard on the whole Presstek/Cabot relationship, I could see this stock under $30 based on a normal PE for a hardware business. Time will tell. I'm disappointed in Cabot's behavior in this matter. Continuing a strong buy on a stock that is in a free fall strikes me as an action of someone with their own agenda.
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