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Biotech / Medical : Eli Lilly -- Ignore unavailable to you. Want to Upgrade?


To: Jack Stirling who wrote (110)3/31/1998 8:04:00 AM
From: lazarre  Read Replies (1) | Respond to of 642
 
Jack:

I'm not such a smart guy but this is what I sense:
1) LLY is taking a hit because the reality of Evista sales have not met it's expectations. If you're long, the jury is still in deliberations, and you'll be ok. Acceptance and sales will come,IMO.
2)LLY is still reverberating from last weeks downgrade by an analyst.
3) Once the $60 support level was broken it shook loose some recent buyers who either took some profits from the low and mid 60's or who just got spooked.

We may see more southerly movementBUT great oppt'y to buy. By end of April, LLY back in mid 60's, IMO. Maybe more if Asia comes here to roost.