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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: Boplicity who wrote (1371)3/14/2000 11:27:00 AM
From: Matrix_Man  Read Replies (1) of 3076
 
Agreed Greg. Only stating the obvious, I guess.

However, The bull pennant which ELON has formed usually forms for good reasons which are beyond the control of any individual market participants. That is not to say it cannot be influenced, just that those influences shape the outcome, good or bad. I saw this formation in CREE, I saw it in GMST, and an 8 month version in RMBS. And, I don't think you can "use up buyers." If the company performs and generates earnings, and the stock performs, the buyers will come.
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