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

To: Steve Andrew who wrote (7959)	1/23/1998 5:53:00 PM
From: JFD	Read Replies (1) \| Respond to of 11098

Steve, the stock acts like a pig swimming with blocks on its tail. You seem to be taking delight in the decline and the misfortunes of those who are long. Remember, this stock is now down over 50% so some of this possible let down in the coming quarters seems to be in the stock. If it is going to take until q3 to get the earnings running, people will not wait until then to cover or go long. We do not know if there will be an earnings reduction just as we do not know if earnings will ever explode. But with all the relationships this company has established 2 or 3 quarters seems like a short time to wait in the scheme of things. In the meantime, you are right watching the stock is water torture for the longs. For the shorts I would imagine that it is also a little scary because when and if this thing turns it will be fast and violent. With the stock at 24 it seems that the greater amount of risk lies with the shorts. IF prst continues to double earnings, they would be selling at just over 24x with a 100% growth rate. This is obviously a big if. What happens to this stock if hdbrg expands the product line, fuji uses prst plates as private label, imation proofer is a big hit, and all the other relationships prove fruitfull. Why would all these companies create relationships with prst? On the other hand if none of these things come to fruition, you will be a rich man. I guess only time will tell. Good luck. Joe