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Technology Stocks : Elantec Semiconductor (ELNT)
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To: Dave Gore who wrote (292)12/15/2000 9:16:57 PM
From: Outer-limits  Read Replies (2) of 329
 
The savageness of this correction might be due to an
earnings problem, but if that were so, we probably would
have heard something by now. The terrible CRASH from the
120 buck level has been almost unbelievable. I think a
move down to the teens may be in the cards. I bought more
yesterday at 32 and change, and will a add a bit more
in the teens. Hopefully this stock will regain its footing
once the DAQ finally bottoms sometime between now and spring
of 2001. Stock is EASILY manipulated with only about 20
million shares in the float. PE is now in the 30s, which
is much more reasonable. Good Luck, I'm hanging tough with
ELNT, and hoping for better days ahead!!!
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