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Echelon Corporation (ELON) Message Board

  • elonger2000 elonger2000 Aug 10, 2007 10:04 AM Flag

    When to get out? The famous question!

    Last year I sold all my poorly performing Cisco and bought Garmin with it. Great play that was! Now I am tempted to sell my ELON (after this possible down turn) and putting those proceeds elsewhere. Or back at ELON when it is under $20 again. There is money to be made with this stock, but it is due for a 10 point drop over the next week, in my opinion. Without news this will be trading in the teens again. Stock has been manipulated heavily by small investors and not so much institutional investors. Reminds me of the last be runup it had in 1999 - mostly small investors then.
    I am not "bashing" becuase I have been long ELON since 1998. But I have seen this manipulation in the past with ELON and do not see a credible reason for such a fast spike over two weeks. At these prices I think it is a Sell or Hold unless more news follows soon. Just my 2 cents, still have all my shares from the past 8-9 years.

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