Orbital Engine (OE) Message Board

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Technology Stocks : Orbital Engine (OE)

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To: q39 who wrote (4664)	3/2/2001 9:11:06 PM
From: Dr Mike	Read Replies (1) of 4908

Of course we can speculate that someone in OE management had reason to drive the price down for a couple of days to buy a bunch of stock cheap and make a quick buck when the upcoming spike to Aus$10/ord occurs. That's why they predicted a $3 mil loss and then announced an actual loss of $16 mil. That's why they talked Siemens into bailing from a guaranteed profitable deal in Synerject. That's why they got into a "death spiral" convertible. That's why they announced a deal with Mercedes. Ad nauseam. I'll believe it when the price actually goes to $10. Until then I will persist in my naive belief that OE management can't manage the affairs of the corporation any better this year than they have been able to manage in the previous 2 decades. I hope that I'm wrong.

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