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Technology Stocks : Orbital Engine (OE)
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To: James W. Bradsh who wrote (1763)6/16/1998 8:56:00 AM
From: Bob Howarth  Read Replies (2) of 4908
 
Are you buying? I picked up some at 4.5, too early I guess. AG Edwards currency trader says fair value Aussie is about .69, but
has been dragged down by YEN. Second theory is that hedge funds want a play that corresponds to Chine devaluation but since can't short
the Yuang they are using Aussie as a surrogate. In any case, if OE is not lying, this is definitely a buying opportunity since these are
short term factors. I plan to put lots of cash into Japan one of
these days. Reminds me of 1990 in USA.
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