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

To: KevRupert who wrote (1778)	4/9/2000 10:51:00 AM
From: John Madarasz	Respond to of 3076

Now that's what I call ad valorem!<g> Regards, and thanks for the links... JM

To: KevRupert who wrote (1778)	4/9/2000 1:22:00 PM
From: hueyone	Read Replies (1) \| Respond to of 3076

Advalorem, Thank you for the links. Looking at the institutional buys and sells, I see a number of sells at $18.50 per share and below. In fact, Oppenheimer unloaded their entire position of 350,000 shares at $17.08 per share. I see only one buy above $18.50 per share ---that of Barclays at $37.08 per share. Looking at the insider buying and selling activity, I see only one buy above $7 per share ---that of Beatrice York in March between $40 and $46.50 per share. However, I believe this is a misprint on your link. The Yahoo link below shows Beatrice exercising options to buy the same 30,000 shares at $1.40 and then immediately turning around and unloading them, not buying them, at $40 to $45 per share---a nice million dollar plus gift at shareholders' expense. More than likely, there are zero insider buys above $7 per share. It would also be interesting to know how many insider shares are on lockup. I suspect there are shares on lock up and we will see a rash of insider selling as soon as they come off. Looking at analyst coverage, I see Echelon still only rates two analysts: one with a moderate buy and one with a hold. The moral of this story, as usual, is to be an insider in a high tech firm at Silicon Valley to make the risk free money. Here is the link specifically referencing exercising options to buy at $1.40 per share and below, and then immediately turning around and unloading these same shares to the public at $40 per share. The real risk taking visionaries of the world are no longer the venture capitalists and insiders who start these companies, but the the online retail stock buyers at SI. biz.yahoo.com Thanks again for the links. Best Regards, Huey P.S. I am leaving to go enjoy some sunny afternoon skiing now, so if you write back don't expect a reply for awhile. Have an excellent day.