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

To: stockman_scott who wrote (554)	8/7/1999 2:27:00 AM
From: KENNETH DOAN	Respond to of 817

"E-Loan fared considerably better than the industry as a whole in the June quarter, with re-fi applications down 19% and a whopping 150% increase in purchase applications" There are a coupe of factor that will bring this stock into it low teen. 1. Interest rate is going up 2. Refinance market is dead 3. Purchase market will slow down by September 4. Weak hand will take losses and sell off their holding in the Nets 5. Nobody want to hold Nets stock through the beginning of 2nd half 99. 6. Market tried to rally all week and failed badly, it's a signal of the bulls had left and the bears are on their way in. in the teen for sure, and high single is very likely. Good luck to all

To: stockman_scott who wrote (554)	8/7/1999 11:40:00 AM
From: mact	Read Replies (1) \| Respond to of 817

scott, although i strongly feel with time eeln will do great, for the time being they prob. will suffer...i too like this company but i am a realist also...with mortgage lending rates above or at 8% for the first time in 2 yrs, this will cause prob's with refi's and new loans...and greenspan wont help much either on 8/24...although i no longer own this stock, it has been painful watching this slide...personally, i dont see a significant recovery til next yr, but i hope i am wrong....goodluck to ya. mact