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: Andrew Hunter who wrote (214)	12/9/1997 9:49:00 PM
From: Andrew Furst	Read Replies (1) of 475

<<Momentum appears to have been lost today.>> Andrew, I realize you wrote that at mid-day, but what I look at is that fact that ORFR had very little profit taking today - only down 3/4 after being up 7+ in the 2 prior days. To me, the fact that ORFR closed above $20 after the recent action is bullish. And at about 20 times next year's eps projection, fundamentals intact, etc. - the stock is not overpriced fundamentally. Just my 2 cents, but unless the overall market goes down hard, I feel ORFR will trend upward from here.

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