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Technology Stocks : Orbital Engine (OE)

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To: John M Connolly who wrote (4632)2/21/2001 5:37:18 PM
From: John M Connolly  Read Replies (1) of 4908
 
Well we ended down 0.35 or over 5% on steady volume. We are exposed and it would appear that the Monday earnings are spooking investors. Maybe out of all this management will get the message - that fiscal discipline is a requirement in any public company.
George AU: I read your post that this drop is the result of market manipulators. George, with respect, that is bull crap. The drop is because the company is not performing - and the earnings on Monday are expected to be a loss again - how big a loss is the question. It appears that our management can find every bump on the road - not to mention that press release writing is not their forte.
I do however, feel for the " bet the farm " cheerleaders some of whom are down about a quarter of a million US$ or about A$500,000.00. We are talking serious money here.
I will be glad to get though Monday - take the hit - and hope our "Boys in Perth" get the message - "it is a business
and business means profits"
John
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