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To: slipnsip who wrote (7498)	6/25/1998 12:44:00 AM
From: FJB	Read Replies (1) \| Respond to of 164684

Latest Short Interest Numbers for up to June 15(split-adjusted): 06/24/98 05/27/98 % Chg Avg Dly Volume 8,745,144 8,625,816 1.4 2,073,044 interactive.wsj.com

To: slipnsip who wrote (7498)	6/25/1998 4:51:00 AM
From: craig crawford	Respond to of 164684

>> Can anyone remember exactly what sparked the sell off on PRST?? I do not recall.. Got burned bad trying to short it, quit watching it for 6 months and it was totally in the toilet. Never did know what the catalyst was. << I believe the SEC got involoved. There was talk of improper actions by Carlton Lutts and PRST management. More importantly PRST peaked right before the nasty tech sell-off in the summer of 1996.

To: slipnsip who wrote (7498)	6/25/1998 8:06:00 AM
From: tonyt	Read Replies (1) \| Respond to of 164684

>Can anyone remember exactly what sparked the sell off on PRST?? It was set off by the SEC investigation of C.Lutts, who writes a stock letter called 'Cabot'. It was alledged (I don't recall the outcome) that Lutts' son was selling PRST while Lutts was promoting it (I think he still does). Another significant event was that right as it peaked at 200, it was diclosed that management was making signifcant sales of PRST. Lutts also promoted short squeezes by telling his subscribers not to put their stock in a margin account. I think management also fueled this by putting their stock in margin, then after it was loaned out, moving it back to a cash account and forcing a buy-in.