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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: Ivan L. who wrote (2933)5/25/1997 9:49:00 PM
From: E   of 11098
 
Hi, Ivan L. -- aren't you the same person who was posting in a quite manic mode a few months ago about how important and influential a shortseller you were, about all your contacts in the media whom you were about ready to call in order to personally orchestrate a second Presstek-bashing campaign? By implication, you were almost single-handedly responsible for the last one, so important a man are you! And in fact, I think you are the very Ivan Lustig who did manage to get quoted by Barron's (I think it was Barron's) during that outrageous campaign to save the shorts' shorts. Am I right in my memory (I'm not on-line yet, so can't go back and check the thread) that one of your last postings was a declaration to the effect that it was about time to use your huge influence with the media to drive the share price down again?

Well, Ivan; I am thrilled to have you back AND NERVOUS! You are clearly worried! You may not be short personally "a single share... yet" (if you're telling the truth, which you've certainly given me no reason whatever to assume, sorry), but I'd sure like to know whom you're involved with.

Your posting is bizarre and incoherent, by the way. Of course incoherence can have its slippery usefulness. If I were Carleton Lutts, I'd sue you for libel. Tell us how many personally-owned shares have ever been sold by the Lutts family members? (Don't count the shares sold in those Cabot Management company clients' accounts that had become imprudently overweighted in this one stock, even while shares were still being purchased for new accounts.) Tell us how many shares were sold in the Cabot newsletter's model portfolio, or sold in Carleton Lutts's staff's personal accounts (SEP, IRA, etc.)? Must have been a lot, right, judging from the sordid implications in your rantings? Give us a ballpark number, pull it out of those 100 pages you could write. Was it... ZERO?

I must repeat: I am THRILLED at the obvious fear behind this new gearing up on your part. Now tell us how worthless the new processless Pearlgold plate is!
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