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Technology Stocks : Orbital Engine (OE) -- Ignore unavailable to you. Want to Upgrade?

To: PIERRE HANDL who wrote (1621)	6/1/1998 6:39:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 4908

Here's the tape for the 16:00-16:30 (EDT) trades: 06/01 16:31:55 P 500 4 1s X 4.838 350414 06/01 16:32:10 P 500 4 1s X 4.830 350432 06/01 16:32:50 P 500 4 11s 4.828 350474 06/01 16:33:03 P 500 4 11s 4.827 350487 06/01 16:33:12 P 500 4 5/8 4.824 350500 06/01 16:33:24 P 500 4 5/8 4.822 350512 06/01 16:33:36 P 500 4 9s 4.820 350521 06/01 16:33:48 P 500 4 9s 4.817 350537 06/01 16:39:23 P 500 4 1s CANC 350414 350957 06/01 16:40:02 P 500 4 1s CANC 350432 350992 It looks to me like the 4 1/16 trades were made in error; they're replaced seconds later by trades at 4 11/16, then cancelled ten minutes later. Depending on whether these are double-counted (they sure look it), someone sold 1500 shares, and the bid dropped 2/16. By comparison, this is the last half-hour on the NYSE: OE X VOLUME PRICE SFX/COND VWAP PG= 0 06/01 15:36:36 M 200 4 13s 4.850 310034 06/01 15:38:30 P 1600 4 13s 4.848 312613 06/01 15:39:14 N 2000 4 13s 4.847 313527 I can't find any news either, so in the absence of news or market panic OE should open near the NY close. mb PS -- I find looking at the "help wanted" part of OE's web site tremendously reassuring. I assume, too hopefully perhaps, that they need more engineers because they're soon to do more engineering.

To: PIERRE HANDL who wrote (1621)	6/1/1998 9:16:00 PM
From: Maverick	Read Replies (3) \| Respond to of 4908

Are the number of shares, particularly for a low profile company like OE, hard to come by on the Pacific Exchange? I would think they might be, causing the price to drop rapidly if someone is insistent upon selling. My wild guesses about trading aren't worth much though. Note that Yahoo shows after hours trading, with a close of $4 9/16.... that's where I expect OE to open tomorrow (or nearby). Who knows where it will close.... Asia already bad, and looking like it will get worse. NASDAQ got trashed, and techs on on NYSE did too (us included!). I NEVER thought we'd ever see $3's again, but that's a real possibility now (in the absence of ANY good news). With a close of mid $4's on June 1, I think my prediction of $2 in December (without "the deal") is very reasonable.