Thomas, great data on who is buying/selling/holding Presstek shares.
I was doubled over in laughter for 1/2 hour when I read that Cabot Money Management had, net,sold 188,000 shares. NEIL MACK, Jason, Jason's Mother, you call 188,000 shares 'miniscule'? From the peak of $200/share that equates to $37.6 million. Do you really characterize that as miniscule? Of course, you'll tell me that Cabot has since bought back those 188,000 shares, plus more. (Assuming they bought back at $60/share, they did pretty well on the trade, didn't they - that would be a gain somewhere in excess of $25 million. Did they send you a 'thank you' note for keeping the stock price propped up while they were selling?
NEIL, you asked about my July puts. I got killed on them, which was disappointing after all the success I've had with PRST. (I'm sure you've lost sleep worrying about me!) Right now I'm trying to decide between the August and October puts, along with shorting some Presstek shares. My instict is to 'load the boat'. I'll get something done today or tommorrow before earnings come out, so put your mind at ease! |
