Presstek -- Stock of the Decade?? Message Board

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

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Jan 29 9:30 AM EST

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To: Eric Tenenbaum who wrote (979)	7/26/1996 9:10:00 PM
From: Richard F. Hubbell	of 11098

Eric - about those puts... You may want to try the Oct 40, PZQVH is the symbol. A friend of mine bought some today and paid 4 1/4. They are only $12 out of the money and you have 3 months. It is hard to buy them at a good price due to the high spread in the stock which spills over into an even higher spread in the option. If the stock is trading around 52 on Monday you should be able to pay about 4 1/4 ($425 per 100 share contract). Be sure to use a limit order or the market makers will nail you. Just a suggestion. RH P.S> If it runs up a little around 10 o'clock to say 54-55 you might be able to raise the waterline a little and get the PZQVI, Oct 45, for a little over 5. This would be a better deal, but get that limit order in early - the early morning up-tick generally fades rapidly. Did you see today (around 2 pm) it tried to rally a little and the bid got up to 52 1/2 - then a single massive sell order, over 30000 share block (maybe more, I can't remember exactly) came through, and immediately dropped the bid to under 50. That kind of determined selling makes it tough to get a good price on the 45's - so you will probably end up with the 40's. Good luck.

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