Presstek -- Stock of the Decade?? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

PRST 0.0001000

0.0%

Jan 23 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: WesMar who wrote (2533)	5/3/1997 8:15:00 PM
From: Richard Zeng	of 11098

WesMar, There is a boogy man. You know that. When PRST dropped to $39, why the current bulls bought it big time? Why did you lend some support to those scared poor people who long in PRST when PRST dropped to $39. Now PRST went back up to $69 and every bull comes out and speak. If PRST has a great proven financial record in the past and the shares are at low multiple, then I will not be worried of buying PRST. When PRST dropped to $39 and the bulls were worried to death because they expected PRST drop further. Why? Because the high P/E, the big short and the negative aspects associated with SEC probe. Such a high P/E is only sustainable with continued good news, flood of new orders and new clients to the company and a long sustained high growth rate. The bulls now say PRST will have all these factors in place. The bears say what if. What is the odds for the bull or the bear to win? No body can anwser that. Right now the downside is a lot bigger than upside to me and you know there are heavy selling pressure at $70 level. I can raise these questions when PRST went up 40% in two weeks. A lot of people will come out and say that I am right to raise these questions when PRST crashes. My sense tells me that if PRST is a great company and will have great growth rate, its share should goes up proportionally to its revenue growth and eps growth. Not like right now PRST went up 40% just because the minor Imation announcement. Evidently, there is something wrong here. If you compare PRST with MSFT, check how MSFT went up form its IPO to now. I do not think you can find MSFT curve similar to that of PRST. Is there a boogy man out there for PRST. Yes, definitely. Richard

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next