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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: Olu Emuleomo who wrote (6166)9/15/1997 12:43:00 PM
From: Loren   of 11098
 
Olu -

I agree with your support/resistance levels, and can't blame you for holding your current positions... but I wanted to caution anybody out there looking to add a NEW position:

My 12,26,7 MACD crossed over (weekly data) going *DOWN* last week. I would wait for a crossover going back up before buying any new shares. Make PRST show you some new strength (not just support).

Using daily data, the MACD histogram is decelerating... again, not a bullish sign. Wait for it to move back upwards.

Loren
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