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

To: NEIL MACK who wrote (7783)	1/13/1998 7:05:00 PM
From: Nanny	Read Replies (1) \| Respond to of 11098

Neil, my broker told me that you can only short stock on an uptick. If a buyer was giving them the uptick, couldn't the selling be coming from shorts and not actually investors getting out of the stock? That's just one suggestion she had for where the selling might be coming from. Think she could be right? Boy, if she's right, I'd hate to be short if any good news comes. I'm excited about 1998! Nanny

To: NEIL MACK who wrote (7783)	1/14/1998 10:30:00 AM
From: Olu Emuleomo	Respond to of 11098

Neil, Actually, the reverse would be the case. If somebody was trying to accumulate 1m shares, they would buy within a range say b/w $24 and $26, until people/or market makers catch on and run up the price. You would see avg volume at $24 to say $25 and the stock will close unchanged or with a slight gain for the day. At $26 they stop buying and the stock drifts down again! Basically they need to create as little attn as possible b/4 its clear that the stock is being accumulated. When they are about done with their campaign, they will now buy with abandon to draw attn to the stock, so that the late comers can now run up the stock and they can now show a nice gain in their position. --Olu E.