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Biotech / Medical : Elan Corporation, plc (ELN)

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To: tom pope who wrote (8293)11/12/2005 6:00:51 AM
From: SI Bob  Read Replies (2) of 10345
 
Kinda shaping up to be a case of kicking one's self to the bank. In my case anyway.

I've often heard it said that over the long haul, the long-term buy and hold investor will make more money than the trader. I haven't done the math but am thinking this might be the case with me in this stock. I have zero shares of it right now, and didn't have many when I sold yesterday, but I was trading increasingly large positions in it, using profits to increase the size of the next buy.

Right now all I've got is a good-sized batch of November 10 calls.

Max Pain seems to have been kicked out the window this time around. But Max Pain is typically only a strong influence when there aren't other influences. In this case, TA, momentum, and an AGE upgrade.
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