SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Presstek -- Stock of the Decade?? -- Ignore unavailable to you. Want to Upgrade?


To: Olu Emuleomo who wrote (9879)8/21/1998 3:05:00 PM
From: Brent  Read Replies (1) | Respond to of 11098
 
Olu,

I am definitely watching for the bottom too, but we have seen this exact pattern 3 times (and 2 of those 3 looked better on the chart, IMO) with the same result all 3 times. Sharp rise followed by a continuation in the down trend. That pattern has already started to show itself here. I won't be convinced until we hit the 200dma, turn the 50dma up (flat at the least), and see that revenues continue to increase.

I've seen too many victims of PRST to bite on this one until I am more convinced of its direction.

Brent