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 (1557)	3/21/2000 3:40:00 AM
From: bigg e	Read Replies (1) of 3076

Roger...agreed it looked as though ELON got swept into the NASD momentum. The bubble needed some air let out and everything was setup perfectly for the Clinton/Blair catalyst with the Genomics. Once they started the cascade it dominoed into the majority of sectors. The Dow/NASD divergence, the value outflow, margin running rampant, Taiwan etc, etc. Sorry you missed out on the nice gain and we honestly may still have some downside here, but this is a tough short . Too many reputable folks involved with this company and some real potential for exponential growth. What I'm hearing is the NASD should test the 4200-4300 range which is still a pretty substantial downside. I'm guessing ELON trades down on weak volume into the 82-85 range before any significant move up. Could see even more weakness depending on where the margin players sit, but this should be temporary. Short term looks very choppy, long term, not a problem.

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