Echelon Corp. (ELON)

[GGraessle]

The conference call in my opinion will add fuel to the already burning fire and this stock will go lower today. KO said his New Years resolution was not to make any more predictions about the next big contract, etc. LOL

Oh boy, not good.

Hence, if no one sees that big deal on the horizon, IMHO this stock isn't worth being in right now. That coupled with potential problems with Finmark, the macro economic picture and a potential war in Iraq all loom in the distance, any one of which can take this stock down.

Now - I believe this is a great company, but how the stock trades and the company balance sheet are two different things. LOL How many times have you heard that. My original entry point was going to be in the 8.50 to 9.50 range. I am going to lower my range from 6 to 8.50 I believe this is a great stock to have in one's portfolio, but IMO it will take year(s) before the value is realized.

Also look for a possible downgrade from an analyst or two.



The best weapon against "fear" is "facts"!!