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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 (814)7/18/1996 9:03:00 AM
From: James C. Shircliff   of 11098
 
Dear Neil,
The four point spread refers to the bid - asked difference, not the difference
in two trades. For example, much of the day, the bid was 60 and the asked was
64, hence the "four point spread." This is not fair to buyers or sellers and
is hilariously IRONIC with Janet Reno on TV gloating about the Justice Dept's
success in its two year price fixing charges against NASDAQ dealers who quote
stocks in 1/4s instead of 1/8s !!!
Let's try to get Mr. Howard to move the stock to the Amer Stock exchange so that
the loyal buyers won't be hurt.

Jim
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