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Technology Stocks : E Loan Inc -EELN -- Ignore unavailable to you. Want to Upgrade?


To: Gordon Gekko who wrote (122)6/29/1999 1:56:00 PM
From: Mohan Marette  Read Replies (2) | Respond to of 817
 
Projection-$250 billion in mortgage loans via the NET by 2003 says Deutsche Bank AG.

'.. While Internet lending is still a small part of the overall
mortgage market, which saw a record $1.5 trillion in new loans
last year, it's expected to boom in coming years. An estimated
$250 billion in mortgage loans are projected to be made over the
Internet by 2003, compared to $4.2 billion in 1998, according to
a study by Deutsche Bank AG...

news.com



To: Gordon Gekko who wrote (122)6/29/1999 2:19:00 PM
From: stockman_scott  Read Replies (1) | Respond to of 817
 
GG: I have invested in EELN with a multi-year time horizon. All those that sold Yahoo early on (after the first couple hundred % increase) were sorry. EELN has a stellar management team, great backers (like Benchmark Capital, Yahoo, Softbank, and E-Group), and is the first mover in a massive market. This company will do VERY well in the next few years, IMO. Its a keeper for the online IRAs. I expect that we could get some excellent analyst coverage in a few weeks. We may even see Queen Marry Meeker come on board and endorse this company. That could help Morgan Stanley be in a better position to do some additional offerings / financings for E-loan <G> .

Lets just hope the Fed and interest rates co-operate. EELN depends on a healthy re-financing environment. Yet, most net stocks also depend on "reasonable interest rates" -- in order to help justify their valuations.

I'm in EELN for the LONG RUN.

Best Regards,

Scott