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

To: Mad2 who wrote (9843)	8/19/1998 11:57:00 AM
From: Olu Emuleomo	Respond to of 11098

Olu, what do you think. Hit 13 and dropped below 12, its back to 12 1/8 on 3 time the adverage volume. Would like to hear your take on this. BR Mike Yup! Nice move. We need to test the lows again though b/w $9/$10 1/2. If we bounce off these lows again on the kind of volume we saw today (>500K), then I will say PRST has broken the downtrend. Until then, 50 day EMA (at $12) is a low risk point to grab a few 'short' dollars... A real buy signal will come if PRST can go all the way to its 200day EMA at $20, pullback and come to rest above $14 and trade above $14 for more than a week. --Olu E.