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Biotech / Medical : Eli Lilly
LLY 1,071+1.4%Dec 19 9:30 AM EST

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To: Anthony Wong who wrote (462)1/11/1999 11:27:00 PM
From: kas1  Read Replies (1) of 642
 
Hmm, wonder what inspired that press release.

Anyway, I think drug stocks tend to dip in frothy markets, when no one sees a need for the "steady earnings growth" property of pharma. A lot of the hot money is chasing chip eqpt, lucent, etc. And of course net. Hey, maybe they should rename the company elililly.com to get the stock price up? :-)

off topic aside: i see you post on the Nextel thread. Are you still in the stock? I was very close to buying some back at 19 -- I like the technology and am a fan of Greg McCaw as a manager -- until I saw the earnings projections and the debt load (yowza). how were you able to overcome those considerations? thanks for any tips
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