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Echelon Corporation (ELON) Message Board

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  • johnmr12 johnmr12 Aug 9, 2007 10:53 AM Flag

    I am long but...

    My stock is not for sale. If I was confident that the price would come down to 20 bucks again, I would certainly sell and buy back in. But, I have a feeling there just aren't a lot of shares available, so even at this inflated price, there won't be enough selling pressure to drive it down that much.

    • That's the point. This stock has a very small float, as I understand it. That's why it zoomed to over $100 eight years ago when buyers were rushing in.

      But I agree. Sooner or later, the momentum has to stop. On the other hand, unless this is pump and dump, the big buyers are the only ones who are really going to move this stock back down. It will settle and consolidate slowly as little fish like you and me take profits.

 
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