Presstek -- Stock of the Decade?? Message Board

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

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Sep 29 10:16 AM EST

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To: James C. Shircliff who wrote (2370)	4/22/1997 5:43:00 PM
From: Staff	of 11098

Today shows just how fickle Wall Street can be. PRST comes out with better than expected earnings. Was it a suprise? You would think it should have been - but Not good enought I guess. The tech sector and nadaq as a whole is surely leaning that it is etting harder and harder to impress and improve. Stocks with high PE's can be dangerous buy and hold right now for this very reason. One bad report, one bad press release can cause you to lose 30% to 50% overnight. Is the rewards worth the risks right now? Where do we go from here? That depends on what new and improved they can come up with on this company that has not already been discounted. Time will tell but it seems to be harder and harder for the stocks like PRST and some other high flyers of a year ago as well as the Nasdaq as a whole to find fresh money willing to buy at these levels. WIll the main stay Dow be next? Are the IBM's that were selling at $45.00 just months ago overvvalued at $140.00 or are they still cheap? Is tomorrows good news already in this market and discounted into todays current stock valuations? Not today is you look at the tape at least for the big DOW stocks. But then tomorrow is another day. Down over 80 points at one time yesterday and up over 170 today. Is there any rhyme or reason to this madness? PRST did not deserve to sell off on that kind of earning numbers. I would agree with anyone on that issue. Then again - should it have been trading at levels around $55.00 going into that number? It seems the market did not think so. Know that earning are out of the way what will be the driving force behind this stock and will it be good enough to push us higher or are we doomed to test the lows at $40.00 once again? Time will tell but I would think that todays action set a bad tone for the near term future of PRST. Any thoughts?

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