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Technology Stocks : E Loan Inc -EELN
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To: $Mogul who wrote (558)8/9/1999 2:26:00 PM
From: KENNETH DOAN  Read Replies (1) of 817
 
$Mogul,

Not could, but will. EGRP is a lot more solid than EELN. Like I said earlier EELN got nowhere to go but down. It will sink into the low teen. This company is making money by origination only, and origination is slowing down fast. Refinance is death, nobody going to refinance at 8% when they already have 6 3/4. Purchase will slow down by september. Fed rate hike about another 50 basis point by year end. Gloom and doom for all these high flying internuts stock.
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