Presstek -- Stock of the Decade?? Message Board

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

PRST 0.0001000

0.0%

Nov 28 9:30 AM EST

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To: Gary Kao who wrote (44)	5/8/1996 8:42:00 PM
From: guy leung	of 11098

It is crazy to try to fight the PRST trend. I know someone who has been trading this stock from the short side since it was $45 and believe me he regrets it. When this stock moves up, the momentum is just incredible. There are no offers to buy from when it gets going. But on the down side there is alway opportunities to sell the stock. This just proves that the hugh amounts of shorts in this stock will support it until they have all been bought in or until there is something wrong with the company. I watch this stock very closely and am just amazed by the action in it. I also know the options traders in this stock at the various exchanges and they tell me there is someone who has been long this stock since about $10 and is even now still buying. He is a major player, not someone who buy 1000 shares but more lightly 10,000 to 20,000 shares. You mention Newbridge early and you are right in that it declined significantly from its highs. But it did not decline until it PE ration was about 15 to 20. That just means that once NN earnings caught up with its investors expectations, it was the top. I believe PRST will be the same way. This stock will keep going up as long as the expectations of earnings are there. But once this incredible growth in earnings has materialized then expected growth will be lower and that will mark the top in this stock. I believe once the PE is low then that is the time to sell this stock.

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