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

To: GVTucker who wrote (9799)	8/5/1998 12:59:00 PM
From: Olu Emuleomo	Read Replies (1) \| Respond to of 11098

My guess is that there was a minor panic as the stock approached $7, which is Lutts' break-even point. This is the biggest mystery to me. He rode PRST from about $50 downto $9. Not cool. But I still keep my subscription because he is still the best market timer I know. He had been calling for 40% CASH for a few weeks now. I also use his recommendations as a starting point, but do my own DD when it comes to selling! --Olu E. BTW, If MMs know that Lutt's break even point is $7, they will force PRST below that mark. Maybe $4 5/8! Who knows now? The aim is to collect cheap stock for the next upleg.