Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Dan Duchardt who wrote (947)	1/18/1998 11:30:00 PM
From: Hank	Read Replies (1) of 18691

Dan, After studying the technical data on ORBI, I would expect the retracement back to the $27-$28 range to happen relatively soon. Probably within 1-2 weeks. I would look to short it now in the $32-$33 range and cover as soon as it reaches it's 50 day MA of around $27. The time frame for the convertible will probably keep this one volatile for awhile, so any time the price rises more than 20% over it's 50 day MA it would probably signal anopther opportunity to short it. Hope this helps. Hank

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