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Strategies & Market Trends : CANSLIM - COAST TO COAST

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To: Muizz M. Kheraj who wrote (2815)1/7/1998 5:02:00 PM
From: Gerald Walls   of 6445
 
I like ORBI also, but it broke out at 27, and currently at 31, is extended about 13% ... in this market, I don't like to jump into a stock that is that far extended.

I bought it near the end of September at 23-1/2 on a Taipan newsletter recommendation. Their 12- and 24-month targets were 40 and 56. I agree that the stock deserves some time to digest the recent gains, especially in this market.
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