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Technology Stocks : ORFR-ORBIT/FR
ORFR 3.5000.0%Apr 10 5:00 PM EST

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To: Louis Cornell who wrote (42)8/22/1997 6:21:00 PM
From: Waitstill   of 475
 
Louis,
I tend to agree with you on this one. If you have been following LOR and IRIDF, you'll see the institutional interest there. Looks like some heavy institutional buying in LOR this week, which would coincide with the interest in ORFR. Also, I think the article in IBD clearly explained (maybe for the first time to the public) what Orbit actually does. Lack of understanding is probably the reason the stock didn't rise faster after the IPO. Even the Motley Fool article didn't make satellite testing the focus. And yes, I think ORFR a long term buy.
IMO, this business is where computers were in the late 70's. Incidentally, IRIDF just sat between 17-21 after the IPO before it skyrocketed. Best of luck, Carol
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