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Technology Stocks : E Loan Inc -EELN
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To: stockman_scott who wrote (554)8/7/1999 2:27:00 AM
From: KENNETH DOAN   of 817
 
"E-Loan fared considerably better than the industry as a whole in the June quarter, with re-fi applications down 19% and a whopping 150% increase in purchase applications"

There are a coupe of factor that will bring this stock into it low teen.

1. Interest rate is going up
2. Refinance market is dead
3. Purchase market will slow down by September
4. Weak hand will take losses and sell off their holding in the Nets
5. Nobody want to hold Nets stock through the beginning of 2nd half
99.
6. Market tried to rally all week and failed badly, it's a signal of
the bulls had left and the bears are on their way in.

in the teen for sure, and high single is very likely.

Good luck to all
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