Presstek -- Stock of the Decade?? Message Board

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

PRST 0.0001000

0.0%

Sep 29 10:16 AM EST

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To: paul abramowitz who wrote (6158)	9/14/1997 8:39:00 AM
From: Olu Emuleomo	of 11098

Paul, The trading in PRST has become more 'normal'. This does not seem to be the PRST of old and "3 to 5 point daily swings" are getting rarer. Actually, we are seeing a trading range of 1 point ($41 -$42) on low volume. This is classic accumulation. It could be in anticipation of earnings or some future news that we have not yet heard of; but the accumulators cant hide!! we can see them on the chart. (Dont you just love TA?) We all know where the support and resistance points are with this baby, which makes the above trading pattern especially meaningful. Did you notice how PRST was GOBBLED UP when it spiked down to $34? That's smart money buying!!! A weak stock would be at $30 or lower now, after spiking down. Anyway, watch out for a likely rally towards 52 week New Highs.... --Olu E. (I'd still like to know when you cover)

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