Echelon Corporation (ELON) Message Board

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Technology Stocks : Echelon Corporation (ELON)

ELON 21.88

+10.1%

Oct 6 5:00 PM EST

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To: Techplayer who wrote (304)	10/9/1999 7:52:00 AM
From: avanti77	Read Replies (2) of 3076

<What caused this volume and run up today? I almost forgot that I had ELON shares... It is nice to see some activity.> I wish I could answer that conclusively. I can tell you that 905,000 of the approx. 1.5 shares traded were in the form of 7 block trades, which suggests some institutional buying, although I don't who. I'm speculating that there will be some very positive news released during the Lonworks convention next week vis a vis CSCO. As others have stated, CEO's recent purchase of 50,000 shares in the open market coupled with CSCO statement that they'll be acquiring 20 companies may be fueling this. Wish I had the info that the block traders were trading on. That said, break to the upside on decisive volume finally broke us out of the 6-8 trading range. Looks like clear sailing to 12, and I suspect we'll be retesting the 52-week high of 19.75 in the near term. Good luck!

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