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Elan Corporation, plc Message Board

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  • MCROC43 MCROC43 Dec 29, 1999 1:39 PM Flag

    CNBC 12/29/99 - 9:08:02 AM

    I see two bits of information this morning. One
    has ELN coming out with a revolutionary new pain
    killer. ELN is up .60 cents. The other stock, QCOM, a
    stock that has gone from 25$ to 620$ in the last few
    months is up 120$ today, (and on the basis of one
    analyst), going to reach 1,000$. Go Figure.

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    • Fortunately, I own both QCOM and ELN. I have
      added to my position in ELN. I feel that alot of money
      is being transfered and kept in the techs because of
      the santa claus rally. This is probably helping to
      keep things quiet in other sectors like the drug
      delivery and pharma. As soon as the tech start to correct
      a little, I feel we should some some money flow
      back to this sector. I think its just a timing thing.
      We should be flying high in the near
      future.

      Frank

      • 2 Replies to McSales
      • too, but chickened out and took some of that
        money off the table this morning by writing covered
        LEAPs on part of my position. But I have only been
        adding to ELN. Biggest "sure thing" I've ever seen. I
        have a lot of faith in Q also, but it has been
        "discovered" in a very big way. Time to cut away from the herd
        a little.

      • Two factors seem to be inhibiting the drug sector
        lately. One is the poor pipeline for the major pharm's.
        The other is that Congress has noticed that drug
        manufacturers have a higher profit margin and pay less taxes
        proportionately, compare to other businesses. Congress is suppose
        to discuss this situation in January.

        Being
        an Irish company, Elan does very well with their tax
        benefits.

        Hopefully, Congress will do nothing stupid like price
        controls. The winning drugs help pay for the losers that do
        not make it to market, which are in the big majority.
        Getting a drug thru the FDA is no easy task, and it's
        expensive.

        The drug sector will probably rally when Congress
        makes it up its mind. It seems like a good long term
        play.

        Rich

 

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