ORFR-ORBIT/FR Message Board

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Technology Stocks : ORFR-ORBIT/FR

ORFR 3.500

0.0%

Apr 10 5:00 PM EST

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To: Steve who wrote (89)	10/4/1997 2:02:00 PM
From: Mike Winn	of 475

Steve - from the chart, the support level seems to be at $16-$19, so from $22, it's roughly 10% to 30% potential downside. I am no Technical Astrologer (TA) expert, but I start paying attention to the chart now because so many people are doing it and that's how they trade. Anyhow, whether you sell or hold depends on what kind of gain you can get elsewhere in the short term if you sell. If you can make 30% or more betwen now and let say the end of this year, I would say sell it. Well the risk is also that ORFR's earnings will be great and the stock rebounds back to $30. I am guessing that the earnings will be so so because most companies buy new test equipment at the end of the year, which will then make the next first quarter outstanding. Just my guess only. I own twice your holding (2% of my portfolio) at 24 3/4. I just sold yesterday and gambled that money with an IPO which I think I can make around 50% between now and the end of the year. Good luck to you.

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