Orbital science (ORB) Message Board

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Technology Stocks : Orbital science (ORB)

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To: Mohan Marette who wrote (1072)	3/1/1998 11:38:00 PM
From: SirAlexx	Read Replies (2) of 2394

Perhaps they refer to the momentum indicators and stochastics rolling over, while at the same time volume has waned. That coupled with excessive public bullishness, and a little of the 'ol buy the rumor, sell the news, and the stage is set for a minor selloff. investorama.com Now I for one am a big believer in TA, but not in the face of over-riding fundamentals, and this stock is in a major uptrend, and I wouldn't want to be short; but profit taking is warranted, and I expect to see some shortly, if not sooner. Unless you think all the brokers at Merril that have been buyers over the last few weeks are going to hold forever. Profit taking should occur right in here, and I believe that is what the technicals are saying.

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