Presstek -- Stock of the Decade?? Message Board

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Technology Stocks : Presstek -- Stock of the Decade??

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Sep 29 10:16 AM EST

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To: paul abramowitz who wrote (3079)	6/2/1997 5:39:00 PM
From: Olu Emuleomo	of 11098

Paul, I am staring at the 2 year chart of PRST right now. The initial resistance at $80 has been smashed. We are also chipping away at weak resistance that is about 18 months old in the $90 area. I am expecting a retest of resistance which should now be support in the low 80s, so a pullback to the low 80s should come in about a week or two. After that, volume should contract to say less that 100,000 shares traded. When volume picks up, we are going to smash thru' $100 on our way to $130. At $100 you will see unbelievable volume, say 1.5m shares or so as the momentum players climb aboard. After that who knows? --Olu E. BTW, I have read about the South Sea bubble and tulips etc.. You are quoting the book "Extraordinary popular delusions and the madness of crowds". Interesting book. Remember that some dutch men made a fortune from Tulips! If you had been short tulips when they were going up, you would have gone bankrupt before they crashed... :-))

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