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

To: John Stockman who wrote (689)	8/30/1999 10:20:00 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 817

John I cannot advise you what to do. I am not bullish on eeln or most of the nets in this environment. I think valuations across the board are going to come down. IMO the tech/net correction we had in early Aug is now again underway, with no predictable rate hike and relief rally in sight. EELN is growing very fast, though. But with profits nowhere in sight, what do you hang your hat on? I have a couple of tech stocks I am long on that have nice profit growth, and they are hitting the skids right now, but at least I can see some tangible, cash-generating value in these companies. Victor