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

To: joe inti who wrote (10045)	10/8/1998 1:19:00 PM
From: Mad2	Read Replies (1) \| Respond to of 11098

Joe, Prst needs postive business developments to stimulate buying/covering. Lots of shares with no analyist coverage and thin institutional ownership. I don't think the world of PRST shareholders realize the poor earnings on the horizon. If 3rd & 4th quarter come to pass at $.02/share without solid guidance on a brighter future it's not inconcivable that the price could fall below $5. As GV posted $.13/share earnings results in a P/E of 38 for PRST at $5/share. Given the potential dammage in the overall market and what that could do to dammage the public's confidence in equities we could see $5 as being a bit expensive. Again it comes down to analysist coverage, guidance on future earnings and revenue growth as well as the potential change in the mind set of the public. I covered at 8 1/2 and will observe for signals that PRST has hit bottom based on the above.