MY PICK IS ELN

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  • billyjoe
    Senior Member
    • Nov 2003
    • 9014

    Spike,
    Like jiesen it wasn't that ELN was a bad stock, it's just that there's so many others with better prospects. My son is up 92% on EGY in his Roth and that makes me feel very good. Now his MSFT is moving up and I know it may be very conservative but he's got 45 years to wait.
    --------billyjoe

    Comment

    • spikefader
      Senior Member
      • Apr 2004
      • 7175

      Originally posted by billyjoe
      Spike,
      Like jiesen it wasn't that ELN was a bad stock, it's just that there's so many others with better prospects. My son is up 92% on EGY in his Roth and that makes me feel very good. Now his MSFT is moving up and I know it may be very conservative but he's got 45 years to wait.
      --------billyjoe
      Nice. EGY actually just made the cut in a fresh parabolic port this morning too. Aggressive buying up here, but hey, it's parabolic and in an impulse 3 up, and the market is a bull!

      Comment

      • stocks54
        Senior Member
        • Nov 2003
        • 178

        Hello Spike,

        My portfolio has 90 % ELAN. I know it's kind of foolish and very risky BUT I think this is the only way to increase capital. If everything works out good than we will see quite a gain in ELAN PSS in next two years.

        I have my fingers crossed.

        Note: Thanks to kingofthehills for bringing this stock to our attention.

        Best Regards,
        Stocks54

        Comment

        • New-born baby
          Senior Member
          • Apr 2004
          • 6095

          Bodacious

          Originally posted by stocks54
          Hello Spike,

          My portfolio has 90 % ELAN. I know it's kind of foolish and very risky BUT I think this is the only way to increase capital. If everything works out good than we will see quite a gain in ELAN PSS in next two years.

          I have my fingers crossed.

          Note: Thanks to kingofthehills for bringing this stock to our attention.

          Best Regards,
          Stocks54
          Stocks,
          Crossed fingers generally doesn't make a good indicator of future stock performance. Couldn't you diversify into a few other charts that look explosive for at least a little margin of safety? ELN is a wild stock. Kinda like a bull in a ring. If you can ride it for 8 seconds, you might win the big bucks. On the other hand, it could trample you, too. I like to watch bull riding, but I never sit on a bull because everyone of those guys, sooner or later, get bucked off and stepped on.

          I truly hope things work out for you. Best wishes.
          pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

          Comment

          • stocks54
            Senior Member
            • Nov 2003
            • 178

            NBB,

            Thanks. I am planning to sell some options and hedge my position with some insurance so that if something goes wrong I am covered.

            I totally agree that it's very risky play and if (IF) something goes wrong like it did on Black Monday I will be done big time. I think it's my greed to make money more quickly. I am going to slowly start taking out some of it and diversify a bit. I definately think PRX might be a good pick for long term (Reason: Mr. Market's pick at very discounted price).

            Best Regards,
            Stocks

            Comment

            • jiesen
              Senior Member
              • Sep 2003
              • 5321

              ELN's Alzheimer's work is back in the spotlight



              Alzheimer's Treatments Show Potential: Analyst
              Scott Reeves, 08.25.06, 10:28 AM ET

              New disease modifying agents for Alzheimer's disease are showing promise, a Cowen and Company analyst believes.
              Encouraging results have been seen from MAb therapeutic vaccines from Wyeth (nyse: WYE - news - people ) and Elan (nyse: ELN - news - people ), Neurochem's Alzhemed and Myriad Genetics' Flurizan, according to Cowen analyst Ian Sanderson.
              More than 40 compounds are in clinical trials for Alzheimer's disease and about half are disease modifying agents.
              "We believe Alzheimer's disease treatments will be an important investment theme for the next several years as successful agents could gain broad combination use and drive a $10 billion to $15 billion market by 2015," Sanderson said.

              Comment

              • kingofthehill
                Senior Member
                • Nov 2003
                • 487

                Just wanted to let you know im alive and well and im buying more Elan .........dont "forget" this stock will have a nice run in 2-4 months time...or sooner...lol

                Comment

                • Websman
                  Senior Member
                  • Apr 2004
                  • 5545

                  Originally posted by kingofthehill View Post
                  Just wanted to let you know im alive and well and im buying more Elan .........dont "forget" this stock will have a nice run in 2-4 months time...or sooner...lol
                  It's time for me to take a second look for a possible re-entry. I doubled my money once on ELN. Maybe I can do it again.

                  Comment

                  • Websman
                    Senior Member
                    • Apr 2004
                    • 5545

                    I bought ELN back at around $15.23 per share. I may add to my position on a puulback. I believe it's just a matter of time before we see $30.

                    Comment

                    • Websman
                      Senior Member
                      • Apr 2004
                      • 5545

                      ELN is looking much better. Watch this doggie run this week...jejeje <TICK>

                      Comment

                      • stocks54
                        Senior Member
                        • Nov 2003
                        • 178

                        It's about time. I have been patiently waiting for it to go to $30. I can’t wait any longer……

                        Comment

                        • Websman
                          Senior Member
                          • Apr 2004
                          • 5545

                          Originally posted by stocks54 View Post
                          It's about time. I have been patiently waiting for it to go to $30. I can’t wait any longer……
                          It's a long wait, but the ride will be a wild one...

                          Comment

                          • Websman
                            Senior Member
                            • Apr 2004
                            • 5545

                            Yet another chance to pick up some cheap shares of ELN. I may buy some more if the price drops some more...

                            It seems that this analyst is "worried" about Tysabri...LOL What a joke

                            Analyst Worries About Tysabri
                            By Althea Chang
                            TheStreet.com Staff Reporter

                            9/26/2006 11:40 AM EDT

                            URL: http://www.thestreet.com/newsanalysis/biotech/10311217.html



                            Tysabri, the multiple sclerosis treatment from Elan (ELN) and Biogen Idec (BIIB) , appears to be getting hit by the strict safety rules that accompanied the drug's reapproval by regulators, according to one analyst.

                            Deborah Knobelman of the research firm Piper Jaffray slashed her estimate for worldwide Tysabri sales to $21 million for this year, down from her previous $123 million expectation. According to her feedback from doctors, physicians' adoption rates of the drug were slower than she had anticipated in the U.S. because of safety concerns, reimbursement procedures and patient-monitoring requirements.

                            Tysabri was recleared by the Food and Drug Administration earlier this year after being taken off the market for fear it could be linked to a potentially fatal brain illness. Before the drug could again go on sale, its makers had to agree to meet a number of criteria dealing with safety monitoring for side effects.

                            "The current, and in our view, overvalued, [Elan] stock price is not reflective of our new 2006 Tysabri estimates," Knobelman wrote in a research report. "Even if Tysabri revenues reach $1 billion (our peak sales assumption), the stock's current valuation reflects almost double Tysabri's peak potential. We believe [Elan's] Q3 report will reflect our lowered estimates, which might close the stock price's valuation disconnect."

                            Knobelman maintained an underperform rating on Elan's shares, with a price target of $10. The stock was trading down 14 cents, or 0.9%, at $15.73 Tuesday. Biogen Idec's shares fell 7 cents, or 0.2%, to $44.64.

                            Comment

                            • jiesen
                              Senior Member
                              • Sep 2003
                              • 5321

                              Webs, I'm meeting with a friend of mine who's a director of business development at ELN this Friday for dinner. Any particular question(s) you'd like me to bring up?

                              Comment

                              • Websman
                                Senior Member
                                • Apr 2004
                                • 5545

                                Originally posted by jiesen View Post
                                Webs, I'm meeting with a friend of mine who's a director of business development at ELN this Friday for dinner. Any particular question(s) you'd like me to bring up?
                                Heck yea Dude! How about getting some good insider info and then PM it to me...jejeje

                                Seriously though, see what kind of info you can get him to give up. Explain to him that you and a few others hoping to profit from his company.

                                Maybe King could think of some specific questions. King? Oh King?

                                Comment

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