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  • ilygod ilygod Feb 4, 2002 1:11 PM Flag

    Nice Meltdown!

    margins players, my heart goes out to you. there's not a whole lot anyone can say concerning the prospect of making back the money anytime soon.

    however, this capitulation, if you will, will form a nice bounce for the next few days. fund managers will have to reassess if indeed ELAN is a legit company or one to stay away from. my guess, many of the hedge funds will decide to cover sometime in the next few days once they take out all the sell orders.

    ELAN has room to go down but all stocks do. the long term view, however, is up. watch all the loser firms come out and downgrade. that's when it's a true time to buy.

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