Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: George T. Santamaria who wrote (7637)	1/4/1998 9:46:00 AM
From: paul abramowitz	Read Replies (1) \| Respond to of 11098

George/Neil: Now that it is selfevident that the fundamentals don't justify the price, were back to artificial short squeezes. Neil/George, Presstek, previously had been a difficult stock to short as various promoters of the stock, urged shareholders to take delivery, or hold the shares in a cash vs. margin account. Given the short covering in the past few days, this strategy is old news. As previously mentioned, 2 weeks ago, you could only borrow 5,000 shares to short. On friday, I was offered 100,000shares, which is basically unlimited. Thus, the short position has been signigficantly reduced/covered. Neil, check with your broker, he'll confirm this. Short covering is not going to save this stock. Neil, I find your new source entertaining, "The Psychic Detective, Remote Viewer". Desperate???

To: George T. Santamaria who wrote (7637)	1/4/1998 11:32:00 PM
From: Riley G	Respond to of 11098

Owning NAME certificates does not HAMPER trading ability. It's called selling stock not in position. You have 3 days to get the certificate into your broker. Riley G ------- To: NEIL MACK (7624 ) From: George T. Santamaria Saturday, Jan 3 1998 9:29PM EST Reply # of 7653 <George, There are many that believe the same is occuring in the trading of the Presstek stock. Your posting was certainly an eye opener. It is appreciated.> Should we do something about it? After further thought, I've decided that while it may work, holding the certificate would reduce my trading mobility. I might be giving the ability to profit from a squeeze to someone else. I need to hear from some others on this thread with trading expertise before I would consider anything further.