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Technology Stocks : Elantec Semiconductor (ELNT) -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (292)	12/15/2000 9:16:57 PM
From: Outer-limits	Read Replies (2) \| Respond to of 329

The savageness of this correction might be due to an earnings problem, but if that were so, we probably would have heard something by now. The terrible CRASH from the 120 buck level has been almost unbelievable. I think a move down to the teens may be in the cards. I bought more yesterday at 32 and change, and will a add a bit more in the teens. Hopefully this stock will regain its footing once the DAQ finally bottoms sometime between now and spring of 2001. Stock is EASILY manipulated with only about 20 million shares in the float. PE is now in the 30s, which is much more reasonable. Good Luck, I'm hanging tough with ELNT, and hoping for better days ahead!!!