Elan Corporation, plc (ELN) Message Board

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Biotech / Medical : Elan Corporation, plc (ELN)

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To: Qualified Opinion who wrote (8296)	11/13/2005 11:31:54 AM
From: SI Bob	Read Replies (1) of 10345

>I have zero shares of it right now, and didn't have many when I sold yesterday< Been there, done that ! However, do you expect it to pullback, are you willing to let it go or will you bite the bullet and pay up ? I never have a problem with paying more. Prices I've paid previously are not a factor. All that matters is what I feel the likelihood is of it going up from what I pay today. Ideally, I'd like to see it break $10 this week, then pull back to the low 9's, but I don't see that as a likely scenario. It's just the one that I think would give me the most benefit. We should be hearing from the FDA any day and it's very unlikely they won't approve it for fast-track processing. That should be priced in, but I don't think it really is. Any kind of PR like that will be good for a strong spike. $10+ seems really lofty right now, but I'm beginning to wonder whether I might end up exercising these calls rather than selling them. Monday will tell the tale. Seems there's a lot of back-filling in order, though.

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