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

To: biostruggle who wrote (1550)	2/6/2002 6:07:54 PM
From: Darrel McPherson	Read Replies (1) \| Respond to of 10345

Hey all, I watched ELN for a long time and used this as an opp to buy in, I might add at the expense of selling other stocks that have lost more than 50%. So while buying cheap, the price was still dear. I understand that those who have large holdings in ELN have lost (or think they have lost) a lot. Let me tell you what happened to me so you do not do what I did. A few years back I had over a thousand shares of ISIP. My average in was I suppose around 16 to 15 or so. A clinic trial of one of their new anti-sense drugs bombed. It went down to 6 maybe lower. I waited a few days and it just tanked...even more, it seemed. I sold it all. Now I really lost. I have never been able to recapture that deal of a lifetime. I can not tell you at what price to buy ot if buying is a good idea, that's up to you. Elan owns part of ISIP and a lot of other radical companies that may, just may really take off. If I had a thousand shares of ELN or more (not on margin) I would really be adding, maybe averaging in. I started with 19. then 18 and on. Someday this market will reverse...it will and a lot of shorts may be the ones jumping from buildings. Not too long ago, JNJ took a dump and everyone seemed to lament their "losses" I bought what I could at that time as well, never regreted that.