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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: pranadude who wrote (3007)7/16/2002 9:57:31 PM
From: Ted The Technician  Read Replies (1) of 3076
 
Today's numbers look nice. An analyst asked the company if it was comfortable with its statements, and things like its options. The company's reply was that it was comfortable with its presentation per GAAP. In anticipation of the analyst's question, it confirmed that it does not expense the options.

There will likely be a pop at the open based on the headlines. However, flat projected revenues, lower earnings, the option expense and option-related overhead supply issues will keep a lid on the rally. I'll try to catch a short at the next top.
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