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Biotech / Medical : Eli Lilly
LLY 1,076+0.5%Dec 22 3:59 PM EST
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To: Jack Stirling who wrote (235)5/28/1998 11:21:00 PM
From: Anthony Wong  Read Replies (1) of 642
 
Jack, I've stopped trying to make sense of the market in valuing individual stocks. Now it seems that even momentum players have jumped into pharmaceuticals, and LLY is perceived, rightly or wrongly, to have less momentum than some other pharmas, such as WLA and PFE. At this price, don't you feel that it has less downside than a lot of other stocks? Don't believe LLY would go much lower than $61/$62; it'll be in a trading range between the low 60's and high 60's for a while.
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