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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: NEIL MACK who wrote (554)6/28/1996 5:22:00 AM
From: cc rogers   of 11098
 
I'm quite new at this, so be gentle. See my Q/A under Cabot... in this sub-site for my alternative to this play. Now. "Splain to me why CNBC, WSJ, FORBES, and BARRON's would be so anxious to all gang up on poor little PRST owners? I truly don't get it. It appears to this very impartial person...I'm neither long or short...that those that were long got caught with a heavy case of greed (P/E of 650?) and then the shorts figured out the greed factor and got a heavy dose themselves. The longs remind me of the Christian Coalition (or the Rainbow Coalition....these coalitions all work the same), in that once they commit to something, they are 'blinded by the light.' Reason never has a chance. I humbly appologize if I'm wrong, for it costs me not one dime. It just seems that when you're into something reallllllly deep....then there is too much ego to admit there may be something wrong.

In today's market, momentum has replaced fundamentals....with internet or individual investors trying to beat the street. I must learn, as I think we all can, that we need to follow the fundamentals first, then the momentum. I'm really not trying to lecture, but very interested in response to this phenomenon.....like a mini stock panic. It scares me for the rest of the market. Thanks for listening.
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