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Technology Stocks : E Loan Inc -EELN
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To: Mr. Aloha who wrote (327)7/10/1999 10:25:00 AM
From: Victor Lazlo  Read Replies (2) of 817
 
<< Robert -- It is very common for stocks that have run up to give back about 50% of their gains (hence the term "50% retracement"). EELN opened at 20 and hit a high of 74, so a 50% retracement would bring us to around 47. Where did the stock close the day? >>

Mr. Aloha- A 50% retracement from 74 would bring us to around 37, not 47, so do you think there is more downside possible?

Victor
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