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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: Glenn who wrote (436)12/2/1999 2:59:00 PM
From: Jose Matos  Read Replies (1) of 3076
 
Glenn, I wasn't aware of today's presentation, but that aside, strictly looking at ELON as a trade, it simply appears exhausted.
The volume has dried up and anything short of a MAJOR announcement, will probably be seen as another reason for those who bought near the highs, or those who regret not selling near or above 15 to take the opportunity to bail.

Nothing against ELON as a company or their prospects, but as a trade, I've done ok with it, and feel that I can get it back at a more reasonable level.

Regards.
Jose
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