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Technology Stocks : Orbital science (ORB)
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To: dwight martin who wrote (714)1/15/1998 11:37:00 AM
From: Gerald Walls  Read Replies (1) of 2394
 
Also, there is a lot of new $$ in the stock, which could be either skittish, or giddy.

This stock's had one hell of a run recently. I'd predict that any failure would be treated harshly because there are probably a fair number of momentum investors currently in the stock who'll sell on the first break.

In September the Taipan Newsletter had a 12-month target of 40 when they recommended the stock as a buy below 22-1/2 (it was about 20 then) and a 24-month target of 56. We've already made significant progress toward 40 and ORBI probably deserves a rest. Nothing goes up in a straight line.

IMHO.
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