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Technology Stocks : E Loan Inc -EELN

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To: Mohan Marette who wrote (296)7/8/1999 9:06:00 PM
From: stockman_scott  Read Replies (1) of 817
 
Mohan: I am traveling in the Northwest this week and am not online too much. I just checked the market and discovered that our EELN had sold off a little. No concerns here. The price may have gotten ahead of itself. Yet, the fundamentals are intact. This company is a first mover in a MAJOR new growth market. I have an average purchase price on EELN shares in the high 20s and plan to hold for the LONG TERM. Look at YHOO -- early on it was quite volatile as well. E-Loan has proven that it can really run up quickly and I expect that it will be trading at a MUCH HIGHER PRICE a year from now.

Our DELL and NETP performed quite well today. Oh well, not everything can move up at the same time <G>.

Best Regards,

Scott (who still thinks EELN should be in the triple digits before the end of the year)
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