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


To: Maverick who wrote (1660)6/4/1998 4:08:00 PM
From: Sterling  Read Replies (2) | Respond to of 4908
 
Crazy? I guess it depends on where you think the payoff is.

Certainly your estimate of the $1 to $2 range is well within my sense of possible price marks ahead. But as your chart (previous post link reference) shows, it can easily take years to get back into the $20 to $30 range. If the price here gets nicked a bit more, it won't take much to send the shares lower.

If OE does go to $2 by Christmas and we have another year end sell-off like last year, I'll be a buyer. We are testing an intermediate bottom here in the mid $4 range. I don't have much confidence in it as a bottom from a technical point of view, but wish it were good and solid as a holder of OE shares.