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

To: q39 who wrote (4662)	3/2/2001 9:01:12 AM
From: Dr Mike	Read Replies (1) \| Respond to of 4908

JOKE OF THE DAY Browsing the yahoo board, I noted the following tall tale conjured by an OE fan from Hong Kong. Very contrived, yet somehow very believable unless one pays attention to reality, i.e., that the price dive was prompted by a $16 mil loss on the heels of the Synerject jolt. I sent an email to Perth requesting further information on the way off loss estimate (3 mil vs 16 mil). No answer yet after 3 days of waiting. This is the test of the yahoo post: So you want to know what is happening? This is my theory and speculation. A certain large fund manager has finally twigged that OEC has great potential. They woke up to the potential too late but they still want to get on the bandwaggon. Their holdings are not where they want them to be, they want more. I have no idea how much more, but if, for example, they had 7% and wanted 15% they would need to get about another 28 mill. shares. The number of sellers are few and far between, vol is low, and they do not want to pay too much. They know that there are many margin loans on OEC and if they could shake them free it would help them no end. (The company I have a margin loan with, recently set up, will not allow futher margin loans on OEC because their loans have reached the Company's quota for OEC.) Knowing the state of the situation, all they have to do is sell down shares, say 100,000. This spooks weak hands and triggers margin loan calls and investors have to decide what to sell. They sell and the fund manager catches the gold from the trees. The trick for us is to be there with them catching as well. They can play this game until there is an announcement because there is sufficient uncertainty about OEC out there. Just my theory. If a fund manager is doing this then it is a good thing, in my opinion. Just a bit nerve wracking while it is happening