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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: Steven B who wrote (813)7/18/1996 2:13:00 PM
From: Richard F. Hubbell   of 11098
 
Ahoy there Steven -

The USRX thought is resonating quite well with me - more so as I watch it rebound from the panic selling. Wish I had bought some around 1 pm on Tuesday - just before the market turned back up. But I don't feel it is too late - they are a company that is here to stay. Neither do they have to put up with the ridiculous spreads that plague PRST. And although it has been suggested that even 2-3 dollar spreads are 'nothing out of the ordinary' I do not agree - and neither do most people. I fail to understand why a stock that is in a quiet trading mode (around 60) needs to have more than a fractional spread. I don't know another stock that suffers from this type of blatant gouging - and I am absolutely unrepentant about my dissatisfaction with the situation. Anyone else?

Hey - you did good. Selling is always far more difficult than buying, especially the losers. But the good news is that you now have most of the $$ back and are free to buy (at a nice low spread) something more solid that isn't facing PRST's daunting problems. By the way, is USRX on the shopping list for your portfolio, as well as your mother's? Have you looked into the options anymore on USRX - as we had discussed?

Thanks again - and let's keep in touch. RH
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