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: Roger A. Babb who wrote (1319)	3/11/2000 8:25:00 PM
From: spiral3	Read Replies (2) of 3076

Re: shorting elon I have found it exceedingly difficult to quantify an accurate and meaningful valuation for Elon. In this respect I'll let the market do the talking. If one looks at the projected EPS growth rate for the company it would appear to be explosive. I am not a short term trader in this issue and believe that the long term prospects for share price appreciation are exponential to the upside. You have in the past successfully shorted stocks that I hold long (IATV is one example, but imho they do not yet seem to be at Elon's stage of industry acceptance, at least from publicly available info.) I understand that you are astute in your trading and have nimble fingers. I have found that short term movements in Elon can be quite surprising (look at big up days since end dec '99, in conjunction with overall market direction). Imho, right now the flag on their chart appears to be bullish, but the candles may reveal some short term bearish sentiment. Elon does have an uncanny proclivity for releasing big news at just the right time and seems to be currently one of the market darlings. Consider this one very carefully imo.

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