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Technology Stocks : Orbital science (ORB)

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To: Mohan Marette who wrote (1311)3/25/1998 4:33:00 PM
From: Broken_Clock  Read Replies (1) of 2394
 
Mohan....
I really like this company and the future growth, well...it's hard to imagine another company out threr with this potential. That said, this thread is reminding me more & more of the Strictly Drillers thread last fall. Great earnings, solid growth, best projections(earnings wise) of ANY sector in the market. Nothing has changed fundamentally with the companies...yet they got absolutely battered in Nov-Dec. Some stocks lost 75% in value. Some now trade at 99 PEs of <10! Yet nothing has changed with the companies or their earnings. Point: No matter what you think, stocks can go down...and they go down 3 times as fast as they go up. I remember when one fellow came on the thread and said that the sell off would continue(we were about half way down from the top at the time) and he was blasted off the thread. No bears allowed! I'll bet he's laughing all the way to the bank.

I'm not saying ORBI is going down, but when ORBI jumps $1.25 in 15 minutes on 40k shares that's either exhilarating or scary! That's mo mo money. When mo mo leaves the balloon can deflate in a hurry.

PK
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