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Technology Stocks : ORFR-ORBIT/FR -- Ignore unavailable to you. Want to Upgrade?


To: Naggrachi who wrote (429)6/22/1998 11:03:00 AM
From: Grantcw  Respond to of 475
 
Zead,

The trading today is pretty funny, IMO. There were only 9800 shares traded, but we're down to 7 1/4 which is more than a point. No one wants to buy this puppy. If I had loaded up on a lot of shares at higher levels, I would have sold half of mine on the break to new lows. I've always held a relatively small position though and I'm actually hoping that this stock continues lower so I can pick up more. I guess I'll have to wait a bit though until we cross the new downtrend line.

I read the post over on Yahoo, 25 I think, and thought it was pretty interesting. It noted that HP was competing with 2 other companies and losing. It also noted that they didn't compete directly with ORFR . Hopefully, HP backed out of the business because they just couldn't compete with their competitors and not because of an overall major slowdown in Asia. I also hope this downturn is due to people selling on the basis of HP news and not something we don't know about.

Are you thinking of buying more?

Grant