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Technology Stocks : Orbital Engine (OE)

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To: Maverick who wrote (4641)2/23/2001 10:57:04 AM
From: Dr Mike  Read Replies (2) of 4908
 
We all know that OE management would have trouble making a profit selling burn lotion in hell, and we all have faith in the technology. Nothing has changed qualitatively, although the magnitude of the loss made my jaw drop. Nevertheless, unless the company will go bust, the potential is still there. Nothing has changed from yesterday to justify this drop in price. The potential sales to 4 stroke auto is still there, the Chinese scooter market is still there, etc. Is this a buying opportunity (or a takeover opportunity)? It will be interesting to see if there is any insider buying (finally) at this price. I'm going to think hard over the weekend and maybe buy more. Maybe.
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