E Loan Inc -EELN Message Board

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Technology Stocks : E Loan Inc -EELN

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To: stockman_scott who wrote (623)	8/22/1999 9:16:00 PM
From: Srinivasan Balasubramanian	of 817

Near-term direction of this stock will be quite evident next week after the Fed meeting on 24th. Technically it has been oversold for quite some time and with a small float it may be in for a nice ride up assuming a 25 basis pt increase with a neutral bias. The long bond yield has dropped below 6%. I have a small long position and hope to add on the way up. The quality of VC's alone made me optimistic on E-Loan's prospects going forward. Benchmark Capital Sequoia Technology Partners Softbank Yahoo ETrade Forum Holdings Purchase loans will be the focus in the next few Q's. Any good numbers there will lift this stock much higher. Right now OLM's are being compared to what OLB's were two years back.

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