Uncheck the "Semitransparent" box in the Watermark dialog box.

wrote:

I am having trouble with the printing of the instralled text
watermarks. The word "Project", for instance, shows up in its entirety
in the print preview. When I actually print, owever, I only wind up
with "P O E T", for example. (Is this poeteic justice?) I've tried
decreasing the font size and still get the same results although in
smaller size. Am I missing something.? TIA