Elan Corporation, plc (ELN) Message Board

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Biotech / Medical : Elan Corporation, plc (ELN)

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To: All Mtn Ski who wrote (596)	11/5/1999 11:05:00 AM
From: E.J. Neitz Jr	Read Replies (1) of 10345

Bob, Still holding also. More to drop than one delay. I have seen this activity before. This stock has been a favorite of short sellers and still seems to be, also lots of people are selling for the tax loss, and day trading. Today is not a surprise. Everyone saw before the market opened how strong the market was expected today because of the futures, so the reasoning is "I can get out when Elan opens higher". Well, there must have been alot of people wanted to get out at the open. Anyway, I plan to slowly accumulate on dips...this has been the only approach to buying "damaged stocks" that has worked for me in the past. I then will sell after the stock gets a lift in the new year. Anyway, this whole thing is unnerving. Time to take a walk.

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