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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: Chris Zack who wrote (530)6/26/1996 5:45:00 PM
From: David Pace   of 11098
 
Flaming?...

That last exchange wasn't flaming. The question presented was whether the fact (if it is a fact) that Carlton Lutts has sold some PRST ought to make investors in this stock start heading for the window sill. The suggestion was that PRST was headed for some serious trouble if Lutts did what we all wish we had done thirty days ago, and sold so that he could buy back more shares at a lower price.

My point was that the value of this stock is not ultimately dependent upon anything that Lutts or Cabot says or does. Instead, the value of this stock will depend upon the company's ability to gain market share, protect its patents, and sell the dog out of plates to an increasing number of PRST clients.

Maybe Lutts will have a problem with his newsletter subscriptions if he has been playing it both ways, maybe not. After all, isn't hypocrisy just the tribute that vice pays to virtue?

As for style, the manner of my comments is intended to amuse, not burn. Like Lutts, I'm just another guy with an opinion that I'm willing to share (mine are free). Are my opinions always right? HA!, if so, I'd be on a beach somewhere instead of hanging around on the internet. A case in point, I held on Tuesday instead of dumping my position and buying back today cheaper. ITLR, I don't think it'll matter much because the stock will be going up again soon.

Hang in there...

DHP

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