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Technology Stocks : ORFR-ORBIT/FR
ORFR 3.5000.0%Apr 10 5:00 PM EST
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To: Naggrachi who wrote (320)2/27/1998 4:03:00 AM
From: crs  Read Replies (1) of 475
 
I believe that the stock will take another dip after earnings. This is only my opinion and this is why.

1) Only about a million shares in circulation.

2) A 25% reduction in sales will be a net loss for the quarter even if there is some offset due to domestic sales.

3) Should this stock be a 10 1/4 stock? NO! Thank You market makers.

4) Momentum players will hasten any more bad news (even if it is expected). Outside auditors are looking very carefully at the impact of Asia now to avoid the lawyers tomorrow. As far as some stocks go, only the slow down of buyers will cause a stock to plumit (short term-a few days).

If this stock takes another dip, it will be a great opportunity.

If the company can still pull off a buck a share for fiscal year 98, then we have an easy double and a half gain.
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