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

To: Olu Emuleomo who wrote (9919)	8/28/1998 1:36:00 PM
From: SG	Respond to of 11098

If Heidelberg capitulates on the SM-74DI then the rest of the story will fall in place like a bunch of dominos, one after the other. I think I can start to smell Ipex in the strength of the stock. Hows that for conceptualization Good luck to each and all SG

To: Olu Emuleomo who wrote (9919)	8/28/1998 1:47:00 PM
From: Brent	Read Replies (1) \| Respond to of 11098

Olu, PRST has held up well relative to the Nasdaq (as I write this the Nasdaq is down 2.09% and PRST is down 1.71%), but I really am not impressed with it for a couple reasons. One, it has traded down much lower than that earlier and one more 1/8 will make it a bigger loser %-wise than the naz. Two, it is down from a close of 12 (25%) and intraday high of 13 (30.8%) just a couple days ago. I wouldn't expect it to drop sharply every single day even if the market is tanking. Look at IOM for another example of holding well. Down 20%+ in last few days, yet even for today. Third, repeating from yesterday, fundamentals and technicals still weak. I really don't see anything changing for Presstek until some more good news comes out. Without good news or a good Q report, the bottom is about 3 (book value). BTW, I do expect some good news, I am not predicting or expecting 3 a share. Brent Edit: PRST now down 2.39%