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Technology Stocks : Orbital Engine (OE) -- Ignore unavailable to you. Want to Upgrade?


To: John M Connolly who wrote (4630)2/21/2001 12:32:10 AM
From: q39  Read Replies (1) | Respond to of 4908
 
Nasdaq is the home of growth stocks and so reflective of sentiment for growth stocks, a more relevant index than the others to OE, regardless of where OE is traded. Weakness in the market here, specifically in NASDAQ, creates margin selling on this thinly traded stock, providing the Aussie arbitrageurs and investors with an opportunity to pick it up cheaply. I don't know how many ADRs have ceased to exist but I bet the Aussie share is well over 60% now. I think, in the absence of any significant news, OE will follow the NASDAQ in direction. Panicked and broke investors will furnish all the shares demanded, driving the price down. I hope for a NAZ recovery soon. I am usually short something, but not at the moment, so I take no pleasure in what is happening now.

Sprog was halfabee before he was sprog. Boy, you must have been bored. I bought my first bite of OE when Synerject was formed. I said to myself "Now they will make some money." I think that was March, 1997. Those shares are in the red at the moment.