Where is ORBI going?
Who do you know, who do you trust. Unless you're a pro in the industry or with a brokerage, your info comes after the fact.
We're all in the same boat-our research is somewhat superficial.
I've owned ORBI for 2 years (rec. by ML), and stayed with it through $50 and the downturn.
It appears ORBI had trouble with a birds solar panel, and did not issue an update - consequently the heavy (big boys) volume selling from 50 to 46,42. Currently ML rec. to me is stay with it.
Did we hit a base?
I follow IBD which on Tues. indicates number of institution holders.
As of April 7, 1998......57 institutions
"......May 12,...............62 " "
"......May 19,...............63 " "
"......May 26,...............69 " "
Note that the number of holders has not dropped through the selloff.
Perhaps they lightened-up a bit, but others came on board.
When I first bought ORBI, the inst. holders were about 10.
I'm long, have mercy.
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