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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: saju chacko who wrote (3069)6/3/2007 11:42:38 AM
From: unclewest  Read Replies (1) of 3076
 
Pardon the delay. I am very familiar with the technology but not the financials outside of what is in the public domain.
I have been trying to find good reasons to respond with.

ELON has numerous product trials going on - as many as two dozen.
The short position is significant.
They project attaining profitability again in the 4th quarter this year and increasing to $0.50 for the entire next year.

I have a lot of shares, most purchased early this year, and sold 1/2 Friday to insure a profit. I hope to scalp at least a couple of points and will rebuy if I can do that.
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