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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: JFD who wrote (7668)1/5/1998 9:59:00 PM
From: NEIL MACK  Read Replies (2) of 11098
 
I believe the initial reaction that caused the stock to drop after the Heath purchase announcement, was in part due to one last gasp by the bears who shorted this stock hard. Seems they believed the 94,000 shares had to have seriously diluted the value of the stock. It was quite interesting to watch the trades..... First a 100 share buy, then a 2000 sell. Buy 100 sell of 3000 and so on. A short sale following an uptick. Well it sure didn't continue, did it?

A very nice recovery in the last hour or so and I would expect it is upwards in price from here, as the true meaning of this latest venture starts to sink in. Presstek sent a message to the doubters today. It should have been quite clear. New Presstek press technology is soon to be available to the highest bidder! Hey! How about that Presstek!!! ....Heidelberg who?????

Neil
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