Echelon Corporation (ELON) Message Board

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Technology Stocks : Echelon Corporation (ELON)

ELON 21.88

+10.1%

Oct 6 5:00 PM EST

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To: Mary Remington who wrote (400)	11/19/1999 6:21:00 PM
From: William Peavey	Read Replies (1) of 3076

Mary, Welcome to the thread. I am curious what brought Echelon to your attention. Do you have a program that scans for volume for instance? On the Yahoo thread there has been much discussion about this, and the consensus seems to be that Motorola is liquidating their position, and that we are possibly seeing the early positioning of institutions in ELON stock. In the past this stock, which is not yet profitable, has run up on news and then collapsed in a manner characteristic of MoMo daytrading. But it seems to be acting more strongly this week, and the pennant formation it showed today suggests the possibility of a healthy run past the resistance at 12 next week. Bill

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