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: Grantcw who wrote (255)	12/22/1997 11:37:00 PM
From: Mike Winn	Read Replies (1) of 475

Grant, this is just my observation of the market reaction to this stock. Volume seems to be low lately. After the recommendation a few weeks ago, ORFR jumped immediately to 17, so a lot of people have bought at that price and that will be the support level, I think. Then ORFR drifted down to 15-16 during the Asian scare, so when the January effect started late last week, ORFR jumped immediately to 17-18 and seems to have resistance right there. I just speculate that this stock does not get as much attention as the other small caps, so I think the January effect will be delayed on this stock for may be a week or two until the other small caps have finished the initial move. Just my guess and observation, nothing to prove it. Of course, everything can change tomorrow.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next