Presstek -- Stock of the Decade?? Message Board

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

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Feb 6 9:30 AM EST

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To: David Pace who wrote (714)	7/10/1996 12:44:00 PM
From: James C. Shircliff	of 11098

Dear Mr. Pace, SQUEEEEEZE can be said two ways...short squeeze and long squeeze. There are 2.2 million shares short...maybe some of them even sold by insiders against their holdings. Some may need to cover in a runup, but in the last runup to 200, how many covered? They covered on the way down, actually. Have you ever experienced a LONG SQUEEEEZE? Its 18 million shares (16 mil plus 2 mil shorted shares) all trying to sell at once. It seems that this stock has a good chance for that if the SEC uncovers anything. Or if the new technology gets here faster than expected. Or if the expected price of plates goes down. (Can you imagine a tech product going down in price? Why the pentium chip and semiconductors and Compact Discs have held their prices well! Huh?) Or if the market corrects? Or if someone has been caught rigging the market? Or if certain insider or large mutual funds start selling> Any one of these items could ignite a LONG SQUEEEEZE. Remember ther are 8 times as many shares held long as there are held short!!! Last one out is a rotten egg!

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