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Echelon Corporation (ELON) Message Board

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  • johnmr12 johnmr12 Feb 26, 2008 4:30 PM Flag

    BREAKING NEWS FOR THE SHORTS- MARKET WON'T SELL TODAY

    Looks like you have learned nothing after all these years. The economy drags all stocks down. Stocks like ELON are perfect short candidates in a down economy. I am not short, but I am also not ignorant like you. You think a story about enel is going to drive Echelon up? That is how investors think during the heat of a bull market. PE ratios of 60 are not acceptable in a down market, so it will take big contracts to even justify $14 in this market. I'm not saying anyone should be comfortable shorting Echelon at this price, but if I were short, I certainly wouldn't be losing any sleep right now no matter what news comes next.

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