ORFR-ORBIT/FR Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ORFR-ORBIT/FR

ORFR 3.500

0.0%

Apr 10 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: majaman1978 who wrote (37)	8/21/1997 12:48:00 PM
From: Fred Puppet	of 475

[ Retail Buyers ] Yes Mark, although it is painful to watch, I believe the current ORFR run is completely due to retail investors who read IBD and the Motley Fool. Yesterday's volume was only 600k. Since ORFR does not yet trade under the new SEC rules, we can infer that 300k shares were bought, and 300k were sold. The average retail investor might buy 1,000 shares, so we only need 300 of them to explain yesterday's movement. What is the newstand circulation of IBD? Today we are seeing buyers who receive IBD through the mail, and buyers who read the Motley Fool last night. Who is left to buy next week? It is sad and painful to watch how the little guys buy the news. I don't expect institutions to come in at a higher price. The institutions scrubbed ORFR prior to the IPO. Those that liked the company bought at 8 1/2. Maybe now they are thinking about taking profits, as the risk/reward balance has shifted.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next