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Biotech / Medical : Elan Corporation, plc (ELN)
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To: George the Greek who wrote (742)12/2/1999 3:34:00 PM
From: William Partmann  Read Replies (3) of 10345
 
I can only speak for myself and what I read. There is a present fear that the House and Senate might try to pass legislation affecting health care and directly impacting the drug companies. They will certainly talk about it which will make investor uneasy. Personally, the likelihood of that body agreeing on any major bill in an election year seems unlikely. Nonetheless, the sector has not been too dynamic for sometime now other than those M&A situations. I opine that once the January-February tech rally loses steam the drugs will be the next in the rotation. I hope at least. Until then, I see Elan travelling a different path because it has already corrected (for a year now) and it has fat pipeline. Only time will tell. Good luck to all.

Bill
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