Presstek -- Stock of the Decade?? Message Board

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

PRST 0.0001000

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Feb 6 9:30 AM EST

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From: NEIL MACK	5/11/1996 11:15:00 PM
	of 11098

To All, Received surprise call from local Broker this evening (close friend) that knows I'm long in PRST. (She has been trying to get my account at her firm.) She confided she had placed a limit buy order Friday from an Institutional client for 70,000 shares PRST at 142 7/8. That computes to just over a $10,000,000 buy. Don't know when or if it we will see this happen, but I also placed a 1000 share buy at same offering price with the belief this could be a bottom and I have been waiting to find another buy price. Think the stock should certainly fly up at that time if the MM decides to alow the buy. Have not a clue if the large trade is to cover a short position or a buy long. Couldn't get that out of her. Just thought you would all like to know. Do not sell your shares of PRST. Previous question on 4-15 short position 2,891,355. Decrease from 3-15, 174,879 shares or + 3.1%. Probally does not mean much now. May 15 short position available on 5-21. Believe there is strong support at 145 3/4 but MM is likely to bring it down to allow the above trade. Hope this helps someone, somehow. Neil

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