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

To: Olu Emuleomo who wrote (10077)	10/20/1998 2:47:00 PM
From: Brent	Respond to of 11098

Olu, PRST could have bottomed. I won't be fully convinced until it spends some time above the 50 dma and turns it to the positive side. I think tomorrow will tell us where it is going from here. If the earnings are good, PRST has seen the bottom (baring another market crash). If earnings/revenue are bad, look out below. It will fall fast and hard. My gut feeling is to say it has seen the bottom. The technicals are starting to show the turn and I think the fundamentals will be there evidenced by todays good pre-earnings run on good volume. (I don't want any bashing posts pointed at me. I am not predicting or indicating PRST revenues, earnings, or stock price are going to 'take off', but PRST may have turned the corner in become a growth company worthy of a reasonable P/E ratio. Again, this is a speculative play for me, I am not a Presstek bull yet.) Again, I am not fully convinced yet and am only trying to pick up some small speculative type positions. Brent