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Technology Stocks : E Loan Inc -EELN

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To: Victor Lazlo who wrote (690)8/30/1999 10:41:00 PM
From: Ken Whiteside  Read Replies (1) of 817
 
I think the EELN has overcorrected based on this Greenspan press hype. EELN can move with any news any day. This guy gives a speech on Friday and they interpret it as good news, then Monday they go the other way. This is a steal under 30 when it could jump to 40 on just hope of good news. Ask yourself if you think there will be another interest hike that would cause a Y2K panic for sure. I don't think so. The recent movement over 40 right after the rate increase shows that this stock wants to move up as long as there is no more hikes. JMHO, but I feel warm and fuzzy about it. Would like to see it go a tad lower to gobble up more.
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