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Technology Stocks : Presstek -- Stock of the Decade?? -- Ignore unavailable to you. Want to Upgrade?


To: Nanny who wrote (7607)1/2/1998 11:26:00 AM
From: Steve Andrew  Read Replies (2) | Respond to of 11098
 
Happy New Year To All....

Nanny, when will you learn that all the short-selling you complain about is not all alike. Many shorts are unscrupulous and may abuse the laws inorder to acheive gain. Others simply have to wait for the truth to reveal itself (ala PRST) and watch the results. You and Neil and the other snookered bulls haver been listening to the hypesters and promoters for way tooooooo long. Guys like Chapman, Lutts and Howard, et.al., have been promising you the moon for a long time so that they may profit from your misplaced trust. They (ex. Howard, Oxley and Chapman) are stuck, like you with significant positions and no real elevated buyers to take your stock. Your low cost basis just reminds me that one can still drown in less than a foot of water. You are always letting any non-bull on this thread know of your disdain and utmost faith in PRST. Think about this.......The vaunted PRST technology and patent promise has not, and most likely will not, produce the stream of SUSTAINABLE profits sufficient to keep the stock price at its already inflated price.
You always talk about how wealthy you have become and how your PRST stock will be your inheritance asset for your family.....if so,
then please use some judicial reasonability and recognize that this company is heavily promoted and hyped, unfollowed by anyone on Wall St. ( for one simple reason......liability for future fraud claims), and has a proven history of misleading their investors. Don't let your inheritors be saddled with this type of investment. Like the Oxley estate, the next generation realized that PRST was NOT A TRUSTWORTHY company and its place in the printing world was greatly exaggerated by paid shills and newsletters. If you don't believe me, call the estate legal team in Tulsa....they'll tell you why they were loath to remain
invested in PRST.....see Don Chapman!
On the other hand, you might try to buy even more stock here (catching a falling knife) and then Chapman, Howard and Lutts will forever be in your debt. You will certainly have that chance. The one chance you won't have is to watch another dramatic short-squeeze that artificially inflates the stock price. Most shorts here are better capitalized, wiser, and more in touch with the truth than the bulls and simply will not panic over any PRST PR spin .
Hope 1998 will be an educational experience for you folks.



To: Nanny who wrote (7607)1/2/1998 9:26:00 PM
From: George T. Santamaria  Read Replies (3) | Respond to of 11098
 
<Just browsing around the Internet and ran across this item. Shorts
everywhere....and causing grief every where they go, it appears. Thought this was
rather interesting....

psicop.com

Happy 1998 to all!!!>

The Scenario was very interesting. Ponder, for one minute what might happen if all serious longs on PRST were to demand stock certs as was done in this case. Would it cause mayhem if shares normally traded electronically on the journal were to revert to certs? Probably, it might turn up a few errors in the system for handling short sales and that could make a few specialists nervous.

Maybe a grass roots movement is warranted right now. Most shorts out there are probably working honestly, BUT, do you think that they trust the system? The fear of nakedness might be quite compelling.

Note that this is just an idea. I am not trying to get anyone to go out and upset the apple cart here.