Presstek (PRST)

Bottom line
2%

PRST could be another case of jumping off the train too soon. I bought on a nice climb on heavy volume, and other indicators were also strong.

I expected the backsliding on May 16^th and 19^th. What made me nervous was that once the stock rose back to its previous peak it slipped back down instead of powering on to new heights.

The low on June 3^rd is higher than the one on May 19^th so this could be the beginning of a triangle formation, to be followed by another climb (like FDCC). However, other signs (ADX, MACD, and Chaikin oscillator) are showing weakness, so I happily eked out a 1.6% profit and closed my position.

On the one hand, it looks like I'm impatient and want instant gratification. That may be the case. On the other hand, it doesn't make sense to hold on to a stock that's going sideways when the money can be applied to a stock that's going up. "Churn and earn" beats "buy and hold."