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: CG TANG who wrote (167)	12/4/1997 2:28:00 PM
From: Mike Winn	Read Replies (1) of 475

I stated here many times that uninformed investors tend to look at PE on Yahoo or other financial publications and they see a PE of 60. They don't know what is the estimated EPS for this year. Then herd psychology sets in as more people bail out because the stock drops. I have been in many stocks where the same situation happens. Company is doing great, but in one quarter, they did an acquisition and had loss and then the PE shows as N/A. In a bear market, those stocks seem to tank real fast. I agree with you on the trailing PE and good fundamentals for this company.

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