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


To: Tom Reck who wrote (1662)6/4/1998 6:35:00 PM
From: Sterling  Respond to of 4908
 
I like the $7.00 scenario best.

We'll just have to wait and see. Because of present price weakness I have to think that many holders are on the brink of selling more shares. With the large number of trades in amounts of about 1,000 shares at a trade over the past three days, it looks for all the world like the unwinding of positions. I can't help but observe that these trades were on neutral or downtick transactions. That tells me that buyers are just sitting around waiting to see who wants to sell.

I guess I should add that these observations do not mean I am negative on the company for the long term. But when adding to a position it's important for me to be careful. It's better to average up with the trend than to chase the bottom on a slippery slope.