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

To: Angelo J Cici who wrote (745)	1/19/1998 6:24:00 PM
From: Gerald Walls	Respond to of 2394

ORBI stock had been going up during the fears of the Asian crisis. Orbital is one of the few companies on the NASDAQ in which Asia has no effect, and one of the few stocks to rally against market trend. Therefore, once the overblown fears subside, traders are going to realize all of the other NASDAQ stocks which were oversold as bargains. When the Dow and the Nasdaq start going back up, there will be a lack of NEW money going into ORBI, a stock near FULL VALUE during January. That depends on your point of view. Many traders buy stocks that have performed well during a market pullback on the theory that these are the strongest stocks and that they will outperform as the market recovers, too. This is, after all, not a defensive stock that you'd expect to see increase during a market pull back. That said, I agree that ORBI has had a fast run up (nearly 40% in one month) and is due a rest. BTW, Investors Business Daily has ORBI as 51/97/A (EPS/RSI/AccDis).