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Technology Stocks : Orbital science (ORB) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (718)	1/17/1998 4:00:00 PM
From: Angelo J Cici	Read Replies (5) \| Respond to of 2394

ORBI 4Q earnings warnings... But great 98 prospects afterwards... Remember that Orbital Sciences issued $100 million in convertable bonds (at $28 per share) in the summer of 1997 which could cause heavy dilution in the 4Q earnings. Also, the company is at high valuations now and could retrace temporarily before breaking $40 per share. Afterall, the stock went up about 40% in the last few weeks, and they do not even have strong revenues from the ORBCOMM side yet (possibly in the 1Q98)... I have been continually buying the stock these last few weeks, so I hope it does not fall too much when it retraces a bit! Margin calls and forced liquidations could hurt quite a few people on this one... We will depend on the successful launches ahead and hopefully not too much dilution will be seen in the next earnings report... Also, I have been very accurate in the past, so those of you who have seen my posts before know of my uncanny predictions in Orbital stock... I say now that we may fall back to the low 30's until the next earnings report. Afterwards, depending on the hopefull good numbers, we'll gap up over $40 per share... I still hold my prediction of $100 by summer time... NOTE: If the earnings show heavy dilution or the launch is not 100% successful, I feel the stock will fall back into the high $20 area using $27 as support... No fear, because if it goes there, it will present a great opportunity to buy more and this DOES NOT change my summer prediction at all... It would only be a minor setback until stronger numbers appear and take care of that CURRENT HIGH PE RATIO!! Angelo