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

To: Bipin Prasad who wrote (542)	8/5/1999 2:23:00 PM
From: stockman_scott	Read Replies (2) \| Respond to of 817

I wonder where all those shorts are that were predicting single digits <G>? EELN has been oversold for a few days now and we are about to experience some serious short covering as well, IMO. Fasten your seat belts and prepare for take-off !! Best Regards, Scott

To: Bipin Prasad who wrote (542)	8/5/1999 8:20:00 PM
From: KENNETH DOAN	Respond to of 817

"We'll see two more volatile weeks ahead. Then up we go when big fund managers come back from vacations." But they won't come back here.

To: Bipin Prasad who wrote (542)	8/6/1999 11:51:00 AM
From: PAL	Read Replies (1) \| Respond to of 817

Companies like EELN is interest rate sensitive. When mortgage rate declines people start refinancing, buy homes, take second mortgage etc. The climate is currently towards interest rates firming up, hence the demand for for loans starts to diminish. EELN makes money from fees, points on the loans it generates. That is the reason why the stock is under pressure. Although EELN is branching to other activities like real estate ventures, the main stream of revenues is still consumer mortgage. Judge for yourself what you are going to do in this environment. Good Luck investing to all Paul