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

To: Ted The Technician who wrote (3013)	7/19/2002 2:40:14 AM
From: pranadude	Read Replies (2) \| Respond to of 3076

I think that ELON has not been discovered by the institutional investors yet. Until that happens the price should remain a bargain. I believe that ELON will not be affected by a change in option laws more other high tech stocks. I was hoping we would see 18 to 21 so I could buy back all the Nov 15 naked puts I sold when it was around 12. Oh well, I'm still glad I've got them. The market seems so battered, I'm not sure that a stock could really take off in this environment. Each time ELON meets or beats earnings, which is getting to be a habit, they offer a statement of caution about the future. This dampens a response to the positive earnings, and it seems to happen time and time again.