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Non-Tech : CABOT Sinkhole (PRST, ZOLT, IOMG...) How deep?
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To: Andy Chen who wrote (7)6/20/1996 7:51:00 PM
From: Scott Maxwell   of 90
 
Of course. Potential that's more than two years away in a technically innovative area is close to worthless; any big market is going to have swarms of big competitors arriving as it develops. The hypers always extrapolate without regard to possible competitors, margin pressure, technical obsolescence, etc. etc. If a market newsletter is telling a story, the stock is overvalued; if it's advertising the story on TV, it's a tulip.

I hope Presstek is successful and survives the manipulation of its stock. Maybe next year at $7 and a PE of 25....
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