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

To: E who wrote (7787)	1/13/1998 9:52:00 PM
From: SG	Read Replies (2) \| Respond to of 11098

and they assume that if PRST stops (or even slows) to take a breath that it will be the death toll and all will die with it. I know I had to breath at least once to finish reading your post.<ggg> P.S. I hope Frenchy knows that Digitek has had a wooden stake driven thru its heart. I will be going to the Columbus, Ohio show in Feb. Any one else goin? Having stood next to and seen the results of the QM-DI makes me want to see more, up close and in person.

To: E who wrote (7787)	1/13/1998 10:19:00 PM
From: Brent	Read Replies (1) \| Respond to of 11098

JM, <One assumption made by the shorts is quite unusual. They assume that, in the case of Presstek, the share price will not reflect anticipated earnings> I don't think you could be more wrong. The shorts value stocks just as you do. Not on past performance, but on future earnings. The shorts differ from you on what PRST's anticipated earnings will be. Longs see a huge market for PRST products and think that patents = revenue. Shorts see a smaller market, questionable management, and a shakey couple of quarters in the near term. <[Shorts] are now betting on Lutts changing his recommendation> I doubt there is a single short out there that took his position because he thought Lutts would change his recommendation. You are grasping at straws trying to justify in your mind why anyone would be short the 'stock of the decade'. You won't take an objective look at PRST. While the real reason for being short is obvious you won't admit it to yourself. It scares you. I think if you ask any short, they would admit there is a risk in being short. And that risk is that PRST does gear up some revenue from sources other than H'berg or that H'berg does sell more of the other products. But their betting, to borrow your word, that it won't happen. That risk of increasing revenue to the shorts is the very reason that the longs invest in PRST. And the risk to the longs is that might take a couple years to get significant revenue from the new alliances and that H'berg revenue does decrease in 98. I think you should step back from PRST and take an objective look at it. I have had trouble communicating my tone to some on this thread, so please don't take this as hostile or an attack. Brent