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


To: Olu Emuleomo who wrote (9798)8/5/1998 12:49:00 PM
From: GVTucker  Read Replies (1) | Respond to of 11098
 
<<why all the activity in the stock this morning? >>

My guess is that there was a minor panic as the stock approached $7, which is Lutts' break-even point. Even though Lutts has been pretty well discredited, he still controls more PRST stock than anyone whose last name isn't Howard, and the various Cabot interests may have a sell trigger at 20% loss off $7, or 5 1/2 or so.