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: Findit who wrote (4082)	2/26/2003 2:28:21 PM
From: scaram(o)uche	Read Replies (1) \| Respond to of 10345

Timely, timely. Such radically new thoughts!

To: Findit who wrote (4082)	2/26/2003 2:40:41 PM
From: Qualified Opinion	Read Replies (1) \| Respond to of 10345

Director Dr. Armen's comments disagree with the few hedge fund managers. Interesting that the hedge fund managers need the press.

To: Findit who wrote (4082)	2/26/2003 4:23:55 PM
From: nigel bates	Respond to of 10345

...Before that can even happen, hedge funds are shorting, or borrowing and selling on the shares, in anticipation of the dilution caused by share creation, and the share price fall that will result. "Guys will be shorting the stock right now. When the price drops by half, the company will have to get authority to issue more for the December put and the stock will never be able to appreciate," said the London-based hedge fund manager. Moreover, hedge funds aren't natural long-term holders of stock and are likely to want to sell their shares, almost immediately leading to further pressure on Elan... DUH ?????