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

To: Maverick who wrote (3599)	12/18/1998 11:41:00 AM
From: PIERRE HANDL	Respond to of 4908

No, I'm not. I have always said that OE is a long term investment and watching it on a day to day basis will be important for those who wish to increase their leverage and positions at the most opportune time. I am coming to realize that if a 4S deal is announced, OE's shares may not move as we are expecting when you consider all the competition OE stock has with other trading vehicles in the equities market. Investors are not focused on the automobile industry as they are on Internet stocks. This is a market for stocks whose companies have demonstrated sizable and significant top line growth with the hopes of subsequent earnings. I believe that OE will experience stock price appreciation when its financial ratios become more positive and apparent to the investment community. Orbital's past set backs, even though outside their control, has forced many to look elsewhere for capital gains. In other words we are in a moment market where positive momentum is getting most of the bids. Companies with promise without sponsorship by the financial markets will be overlooked. But when the fat lady finishes her song and the music stops, divine intervention will be needed to help those who hold momentum stocks. Those who hold investments in ventures with firm and well established business plans, good management, that have exhibited incremental successes towards their goals will be the survivors of the next bear market and early winners in the subsequent bull market.

To: Maverick who wrote (3599)	12/18/1998 1:04:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 4908

OT: wall street > Wall St. doesn't/won't care about this deal Wall Street doesn't care about this company -- period. One, It's small, and the markets hate small right now. See Russell: russell.com Top 200 up 28%. Midcap 800 up 4%. Small 2000? Down -9%. OE is too small for inclusion in the 2000, or just barely makes it. Two, it's not OE.com. Three, the risks are too obvious: deal risks (no manufacturer has to use OE), technology risks (HPDI, 'fool cells'), financial risks (convert, convert, convert), industry risks (auto industry highly cyclical), currency risks (not real but perceived due to ADR status). Four, there's no reason to support it: no likely i-banking fees. I remain happy with my initial investment. If the markets turn, giants (GE) could go nowhere while small caps do well; public opinion can turn on a dime; OE could come through by signing real deals and retiring the convert. That train of 'ifs', of course, indicates why I am not tempted to increase my small position. mb