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

To: Brent who wrote (8054)	1/30/1998 2:02:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 11098

Brent, Below $20, there is no natural support! There may be psychological support at say $15 or $10 but I cant imagine PRST going to those depths unless there is an earnings disaster! My guess is we may have reached bottom, but I want to see a REVERSAL like I saw in ORBKF, VRTS and THRX; you know MASSIVE volume that blasts thru' the 200 and an upturn in the 50 day EMA. I initially expected market makers to do 19 3/8, but I figure that they figure that if they do that, the stock may enter free fall!! (Due to dumping by patient bulls as it goes below 52 week low at 19 3/4) I still say its quite dangerous to bottom-fish this one. I will watch for a reversal signal. --Olu E.