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


To: Michael P. Michaud who wrote (790)1/22/1998 7:54:00 AM
From: SirAlexx  Read Replies (2) | Respond to of 2394
 
On a technical basis only, the current configuration of ORBI's daily chart is quite tenous. The shrinking range and light volume are warning of an impending move in either direction;

my bet is that we see a protracted move downward into the high 20's that coincides with either an earnings disappointment or other fundamental event.

This analysis is slightly biased by the fact that I currently have no position and wish for a pullback of this type to enter on the long side.

Disclaimer:

This is not intended to be used as true analysis, and is strictly the opinion of a faceless entity on silicon investor. Anyone using this information to either buy or sell, does so at his or her own risk, and would be considered by Sir Alexx and most other's to be a fool.