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

To: Olu Emuleomo who wrote (9943)	9/11/1998 11:58:00 AM
From: Brent	Read Replies (2) \| Respond to of 11098

Olu, It still seems like a pretty good bet to be short right now, at least technically. Stochastics are low and coming off a peak. MACD heading lower, also coming off a peak. In addition, the peak was lower than previous peaks which is also negative. 21, 50, 200 DMA all moving down, although 21 DMA is flattening. Relative strength is the only positive I can find. It looks like the fall will continue until some news breaks the trend. With that being said, I am not currently short. I fear a run up from news at IPEX. Also, I short using options and there isn't alot of money to be made shorting a $9 stock using options. Brent