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Gold/Mining/Energy : Orbit Oil and Gas (t.orb) -- Ignore unavailable to you. Want to Upgrade?

To: Goldberry who wrote (140)12/1/1997 6:25:00 PM
From: Jerry Fox  Respond to of 171
 
I agree.I'm siding with Sunoma on this one.I sold my position today as well.We haven't heard any mention of names of other parties bidding for a higher offer plus the fact that the huge volumes
trading is a concern to me as well.So right now I have to assume that Lamond is calling a bluff.This takeover attempt sounds like its gonna get more nasty.But I don't give a damn now.I made a fast buck.



To: Goldberry who wrote (140)12/1/1997 10:59:00 PM
From: Scott Mc  Read Replies (1) | Respond to of 171
 
Graham, I think you are being smart, you might miss $2.00(probably tops), the other side probably just is likely is that the offer falls apart and with the weakness in energy shares Orbit drops back to $1.10 or so. I bought most of my position at 0.98 2 years ago, so I've not done too bad, but I dont want to hold for another 2 yrs.
Scott


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