On the subject of Elan's junior biotech partners
I did some research in their SEC documents and
found the following. They own 17%of TGEN, 20% of LGND,
40% of SHM, 18% of CTRX, 5% of EMIS, 8.6% of DRAX, 7%
of NGEN, 14.1% of DOR, 30.4% of IOX, and 5% of CYTO.
At today's closing prices these holding are worth
368 million dollars of which approximately 209
million has been added since the Oct-Nov lows.
instance TGEN has gone from 1.5 to 6.5, LGND from 8 to
16.25, NGEN from 8 to 34, and EMIS from 13 to 40. Of
course what goes up may come down but it is a nice gain.
Also I doubt if I found everything. For instance I
could not find out what happened to their FUSE holdings
(FUSE was bought out by Biovail).
It is a pleasure to read posts by interested,
intelligent investors. The comments by losers as to how bad a
stock is are a dime a dozen (Jim-Jones, et al).
have been watching ELN for sometime and finally got my
feet wet at 26 1/4, it could go lower, but it also
could move up at any time so I decided to get in now.
This isn't my first bio, so I know how slowly things
can go, also how quickly when the completely expected
announcement finally is made.
Glad to be with you all!
both. But in the meantime, they are giving cash
away on the options boards when the stock falls to the
mid 20's. You have to be conservative to avoid this
easy vig particularly if you think this stock is a
buy. Sell the puts expecting the stock to rise before
long. Join me when we see 25 again. Takes less capital
and you always can cover if price goes too low.
Another favorite is WMI. Just sold my third lot of April
17.50 puts. Second lot expires Friday. Only half point
away from pocketing 100% premo. If it closes at 17, I
pocket 65% of premo. Pretty good risk reward. That is
$14k in 6 mos. just for writing insurance on a beaten
down value stock.
I have heard reports that the CEO
900,000 shares-that would be over $22 million
Own Money invested in Elan. The insider
Yahoo shows no records of this-where is
to get confirmation?
Great post! I couldn't have said it any better.
Does anyone think that what is happening to elan has
never happened before? A recent example that comes to
mind is novell. There was talk of technical analysis
and sure enough it broke through all the moving
averages. I bough at 20 thinking it was a good deal when
sure enough it went to 16. Everyone was scared and
then in a short time it went to 40. I know novl is not
a drug co. but everyone needs to be patient and we
will have our day.
I'd like to add a hearty "YES" to what he just
said! This board changes dramatically every time ELN
trades between its most recent range.
stock is going up, its like we're on the sitcom
"Friends", when it goes down its like we're on "Jerry
Springer", only without the scantilly clad ladies. Although,
I have heard how some of you dress while chatting
on this board...
...I agree: the reason Elan is trading at $26 and
not at $40 right now is as a result of a lack of
conviction that they will deliver on the product launches.
Is it worth $26 per share? Or something lower or
I tend to be bemused at how the tone of this
board changes as a function of Elan's share price--one
minute we're a cheering section and the next we're all
calling for management's resignations: a funny and unique
business is the equity market--you want to acquire
inventory (let's say Elan shares)--mark the price down and
panic people into selling to you; you to sell inventory
(let's say Elan shares)-- mark the price up and panic
people into buying from you. Think human nature will
I'm sorry, Diogenes, but this performance is
hardly short-term. I think everyone can be forgiven some
venting. IMO, it is the doubt about ELN's ability to
manage product launches in a timely manner that makes
people a little chary about this stock right now.
Granted, we may all look back on this period and laugh
about how nervous some of us were. And I do own scarier
stocks, like MCK, for example.