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Technology Stocks : Presstek -- Stock of the Decade??
PRST 0.00010000.0%Nov 28 9:30 AM EST

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To: robert mcmillan who wrote (86)5/17/1996 11:27:00 PM
From: NEIL MACK   of 11098
 
robert, Volume on PRST was not inducive to a day high of 180.

What was impressive to me was a 14 point gain on only 486,000 shares without a Cabot recommendation today. I can handle 8.6% gain today.
I really cannot believe that more than half the shares traded were covering a short position. There were over 2.4 mill. still short last publication of short interest tables. Don't know how many are newer traders hoping to bet that the gain cannot continue...PE to high they say...Barron's says "no way"...CNBC says "Just can't figure it out" Short sellers say to their brokers..."you have my money, you have my car, oh please...don't take my house." You can't short PRST for more than a few points and only if you're a perfect timer. This stock has forgotten how to stop and catch it's breath. Sooner or later, the market will recognize how much potential is there.

Expect to give up a little Monday.

Neil
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