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


To: Mohan Marette who wrote (1447)4/15/1998 10:25:00 AM
From: Golfstud  Read Replies (1) | Respond to of 2394
 
Could it be wind of an acquisition?



To: Mohan Marette who wrote (1447)4/15/1998 12:42:00 PM
From: Angelo J Cici  Read Replies (1) | Respond to of 2394
 
BIG volume because of news with offering to market on 3/21/98...

According to my broker, company news says the offering price was
raised to $45 7/8 and the amount of shares were raised to
3 million from 2.5 million in the offering.

The big volume is just money managers buying into ORBI while
small investors are selling. Small investors probably feel
cheated of the dilution when they do not understand that
the company needs to raise money and get this BIG backlog
out of the way!!!

It's good news today anyway. The demand for ORBI stock has
gone up substantially for this to happen...