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Elan Corporation, plc Message Board

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  • McSales McSales Dec 29, 1999 2:01 PM Flag

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

    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

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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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