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


To: saju chacko who wrote (3069)5/22/2007 12:25:18 PM
From: Guy  Respond to of 3076
 
RE: looks like this stock is moving up ??? but why?

thanks.


Check out this blog: Echelon Corporation: A Global Tech Star in the Making:

biz.yahoo.com



To: saju chacko who wrote (3069)6/3/2007 11:42:38 AM
From: unclewest  Read Replies (1) | Respond to of 3076
 
Pardon the delay. I am very familiar with the technology but not the financials outside of what is in the public domain.
I have been trying to find good reasons to respond with.

ELON has numerous product trials going on - as many as two dozen.
The short position is significant.
They project attaining profitability again in the 4th quarter this year and increasing to $0.50 for the entire next year.

I have a lot of shares, most purchased early this year, and sold 1/2 Friday to insure a profit. I hope to scalp at least a couple of points and will rebuy if I can do that.