Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Echelon Corporation (ELON) -- Ignore unavailable to you. Want to Upgrade?

To: eyg who wrote (901)	1/21/2000 12:28:00 PM
From: tuck	Respond to of 3076

eyg, Since my head is in danger of getting big, I'll let you know that I hedged my entire position at fifteen. Still a nice 60% profit on ELON in a couple of months, but kicking myself for hedging the whole position. As a rock climber, I'm pretty strong and flexible, so you can imagine that activity is a great deterrent against future timidity. Thunk!! Doh!!! Thunk!! Doh!!! Tuck

To: eyg who wrote (901)	1/21/2000 1:08:00 PM
From: Mark Fleming	Respond to of 3076

this is a temporary dip, can't wait for next week Dip? I see the price action and incredibly strong, considering where the stock was a mere month ago. It's only a dip if you long at day to day fluctuations.

To: eyg who wrote (901)	1/23/2000 2:32:00 PM
From: tuck	Respond to of 3076

eyg, Now that I think about it, my position can't be defined as quite opposite Auric's in this one: I'm more thoroughly hedged here than with the baseline I mentioned. And since he got the short term top here, it'll be hard for him to lose unless he gets greedy. It will be easier for me to lose if I buy back calls and get the bottom wrong. This is a substantial position for me and it's been good. I'd hate to ruin it by mistiming and greed. I might take that risk with a small portion of my position, however. More likely, I will let it all get called away and sell a few puts on weakness to accumulate again. I'll be watching technicals and fundies very closely for the next month, to be sure. ELON's forecasted earnings stream has a lot deviation in it, making the share price subject to a certain amount of emotion/manipulation. It'll be quite a ride. And if one plays the swings with any skill at all, one can make a bundle here. Cheers, Tuck