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Echelon Corporation (ELON) Message Board

  • docthan86 docthan86 Jul 18, 2007 11:59 AM Flag

    Sorry, I am out too. Will come back at lower price

    just want to secure my 40% gain. Thanks ELON

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    • I feel so great walking away with 40% gain in less than 2 weeks. The different of winners and losers are where they know when to sell and buy.
      Triple prices since last earning with no major contracts (only few pilot projects), it is hard for me to keep it at this price.

      • 1 Reply to docthan86
      • Any time you can make 40% on your money in 2 weeks, you have to be happy. However, you are a gambler, not an investor. Therefore, the laws of average say that for every 2 week 40% gain, you will have two 25% losses. But, you will only remember the gains, so you will feel as if you are ahead of the game. You also forget to factor in your short term capital gains tax versus long term. You lose some of your profits there. And the worse loss will come as you try to time when to get back in. Anyone who says they can time the market is lying. You are gambling that the stock is going back to $17 or $18, and it very well could. But, if just one more significant event takes place between now and $18, you will only get back in at a price well above what you sold for. I am not bashing you, but I think it's important to paint a clear picture of trading versus investing, and not ridicule those who have doubled and tripled their investments and continue to hold.

    • I have another order in at a limit price of $22.05. Hope to see this one get taken out as well.

    • good move. thank you for your cheep elon shares

    • Just bought more at $22.05. Just trying to add to my 180% gain. Thanks ELON!!

      I am expecting PRs next week ahead of earnings that could take this stock much higher. If you are a swing trader, just before earnings a good time to take profits and buy back after consolidation.

      If no significant PRs next week, I am expecting significant new contracts by the end of the year. Remember, the Lonworld conference is always a big event where Echelon likes to announce great news.

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