Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jon Khymn who wrote (1513)	2/4/2002 8:53:57 PM
From: E.J. Neitz Jr	Read Replies (1) \| Respond to of 10345

Take a look at a long term chart going back to 1984. There have been several instances where Elan suffered a major drop. However, the only other drop worse than this past episode was the crash of 1987. In all cases the stock stabalized and continued to new highs. Elan has products and probably great prospects. I have not owned the stock since the mid 90's because I perceived excessive valuation. So for me, the recent drop is welcome. I feel sorry for those that have lost money on this. Believe me in the past I have lost money on this and made money, so how one thinks of the present situation depends upon one's entry or basis price. For me, that's $14.85 after buying today. I have no advice because no one listens anyway, but for me I will be slowly accumulating shares...hopefully lower. It appears there is major support at the $7-$10 level, with decent support where the stock is now. It is possible we have seen the low.