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Technology Stocks : Orbital science (ORB)
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To: Altaf Amin Jadavji who wrote (1846)7/6/1998 8:50:00 PM
From: Mohan Marette  Read Replies (1) of 2394
 
Down & Out????

I had the urge to sell at $50.00 too but since I didn't I might as well hang in there for a while longer.

I believe today's drop in Orbi's stock price has something to do with
the article in WSJ that you so kindly posted here. This story,though a rehash of some old story, coupled with the general lackluster enthusiasm for satellite company stocks by investors is not helping the company's stock price either.Besides the action seems to be in internet stocks these days, too bad investors can't see through the smoke.

Mr.O'Neil of SoundView seems like a fellow who doesn't understand either Orbital or Orbcomm, I don't even think Sound View follows Orbital unless they have initiated coverage recently. This being the case I am going to ignore his comments and pay attention to Mr.Scott Webster CEO of Orbcomm.

Having dropped 30% or so from its 52 week high Orbital certainly is down but by no means OUT in my opinion.
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