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Biotech / Medical : Elan Corporation, plc (ELN) -- Ignore unavailable to you. Want to Upgrade?


To: All Mtn Ski who wrote (592)11/5/1999 10:06:00 AM
From: E.J. Neitz Jr  Read Replies (1) | Respond to of 10345
 
Tom, Agree this is one sick dog

Looks like the short sellers have picked this one. Wish I would have stayed the he-- out of it. Beginning to think Merrill research stinks.



To: All Mtn Ski who wrote (592)11/5/1999 10:15:00 AM
From: Bob Howarth  Read Replies (1) | Respond to of 10345
 
I dumped at 24. Good idea to stick to what you know. Last time I invest in a drug company. It's like groping around in a dark cave. No visibility to much of anything, except lies and hype. Definitely an insider's game.



To: All Mtn Ski who wrote (592)11/5/1999 11:31:00 AM
From: Gary Korn  Read Replies (3) | Respond to of 10345
 
ELN is looking very sick. Down to 24 on such an up day. In fact, ELN has totally missed the market recovery of the past week, and now looks to be heading to 20.

Tom,

I understand your point of view. I come at this stock from the perspective that -- unless there is some unknown news out there -- it is a compelling buy. I'm willing to take the risk, and have been adding on these down dips. There just seems to me to be a ton of upside potential:

1. Drug approvals could propel the stock.

2. The CFO is calling for $2B (double) the revenues by 2003. Even without P.E. expansion, that means a $50 stock.

3. The 4Q is supposed to be strong, even without new drug approvals.

4. P.E. expansion is always possible.

5. Consolidation into a larger player is not beyond possibility.

I'm accumulating.

Gary Korn