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

To: Mr. Aloha who wrote (327)	7/10/1999 10:25:00 AM
From: Victor Lazlo	Read Replies (2) \| Respond to of 817

<< Robert -- It is very common for stocks that have run up to give back about 50% of their gains (hence the term "50% retracement"). EELN opened at 20 and hit a high of 74, so a 50% retracement would bring us to around 47. Where did the stock close the day? >> Mr. Aloha- A 50% retracement from 74 would bring us to around 37, not 47, so do you think there is more downside possible? Victor