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Technology Stocks : Orbital science (ORB)
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To: Volsi Mimir who wrote (1191)3/9/1998 6:41:00 PM
From: dwight martin  Read Replies (2) of 2394
 
Well, I agree, there is no direct competition btw LOR's GSTRF and ORBI's ORBCOMM, unless and until G* finds itself with excess cacpacity sometime in the future. But, both LOR and ORBI build satellites, so there may be some competition there.

But I think what happened today was that (1) almost all money that was on the fence between ORBI and LOR went to LOR on the news of the unexpected profits, and (2) some ORBI stockholders did take some profits after the (unwarrantedly?) brisk run-up (and they may have bought some LOR); ORBI's volume today was less than average.

I continue to feel that a ñ3-point range centered on 40 will be ORBI's short term (60 days) future.
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