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Technology Stocks : Orbital science (ORB)

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To: Angelo J Cici who wrote (1668)	5/7/1998 8:34:00 PM
From: Broken_Clock	Read Replies (2) of 2394

I think your 38 target may come. My support levels are 40, 38, then 34. I can tell you from first hand experience that these are only MY levels as interpretations from viewing my charts. I learned last year that pe ratios, future earnings, support, etc. mean nothing when the tide turns against a stock. ORBI had bargain hunters all over it todaywhen it was brushing 40. If the overall market stays weak then those "bargains" picked up today will be tomorrow's nightmare! Congratulations on using stops effectively. While sniffing around today I noticed some defensive stocks that pay very nice dividends were being accumulated with exceedingly above normal volume. My theory is that the rest of the year will be flat to down for the DOW/S & P/NAZ. Smart money made 20% already this past 4 months. Sliding 20% into stocks that pay 5%+ dividends will turn 20% into 25% by years end SAFELY. I would also expect safe stocks to rise in price which would increase the portfoliop value more than the loss of the dividends diminished yield. This is all just theory, BWDIK...

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