CABOT Sinkhole (PRST, ZOLT, IOMG...) How deep? Message Board

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Non-Tech : CABOT Sinkhole (PRST, ZOLT, IOMG...) How deep?

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To: Andy Chen who wrote (23)	6/24/1996 11:22:00 AM
From: NEIL MACK	of 90

Andy and All, In answer to your comments. PRST at 73, +17 with 958,800 shares traded in the first hour at 10:40am. Gapped open, up 5 - (62). There are many reasons for this 2 day positive movement. They are all on the PRST thread. A few examples are: 1. The covering of the short position. 2. The addition of a host of new market makers to the stock Friday. 3. Carlton Lutts of the Cabot Letter issuing a special report on PRST. 4. Many that know the company that sold at the high prices wating for a new bottom to buy back in. 5. PRST (finally)issuing a press release late Friday, addressing many of the previous media attacks against the company. They clarified the false media reporting as it pertains to patent issues, SEC inquiry, and insider selling. With the huge short position losing billions, I have questioned the negative reporting bias in the media since the stock started the slide, never believing the bears had the ability to bring the stock down to the 40s. Don't have too much time now to respond to those that posted. Will do so later today. Later, Neil

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