Presstek -- Stock of the Decade?? Message Board

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

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Nov 21 9:30 AM EST

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To: Mike Medford who wrote (1184)	8/22/1996 9:10:00 AM
From: Pierre Panet-Raymond	of 11098

Mike,who knows what the limits of the trading range will be in the short term. The stock is not trading rationally and the number of market makers was down to 8 yesterday. Supply seems to show up around 60 from Instanet. The stock needs material news to propel a breakout. From a fundamental point of view, has anyone received an explanation as to the incredible $575M decrease in COGS Q2 vs Q1? Sounds awful fishy to me. I can't ever recall a company cutting COGS by almost 11% in one quarter while sales increased by 5.3%. Sounds too good to be true doesn't it! By the way where in hell is Neil? It has been two weeks since we have heard from him.

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