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: Lone Star who wrote (2614)	10/16/2000 7:24:23 PM
From: c.r. earle	Read Replies (1) \| Respond to of 3076

Just a short thought on price momentum. For many swing/day traders this stock is starting to register on their radar screens as a potential short/put candidate. And speaking personally I do not (usually)have any concerns, information regarding what the company does or does not do. It is purely from a TA perspective that this stock became known to me. Specifically a stock that moves approx. 100% in two or three days, that type of momentum is not sustainable short term. Coupled with the large overhead resistance it is a candidate for short term pull back. It is not really a question of if it will pull back but simply a matter of when, and to what degree. While I always respect a stocks momentum, I am also very much aware that these types of moves are not sustainable, regardless of how good a stock is. While this stock can certainly move upward from here (I have been in the market too long to pretend that I actually know what will happen) I am just pointing out that you should be prepared for a short term pull back. Regards and good luck