You all know me. Months ago, before the crash in Elan, I predicted PML would be back in the news and BAP data would be bust. Both proved correct. This rally over a supposed takeover by Pfizer is a bust. Back to 5 bucks. Suckers.
Hey dummy, read this: """We believe ELN shares could re-emerge as an attractive opportunity for healthcare investors by virtue of the market's overly aggressive discounting of the value of Tysabri and the Alzheimer's Disease platform...." Leerink Swann may trade in Elan and it makes a market in BIIB."
I just love the Idiots who call ME a Dummy, but then when they have their heads handed to them because their Pipe Dreams don't play out and the stock PPS tanks, they don't come back to tell everyone how wrong they were. Maybe it's because they can no longer afford internet service, or maybe it's just because they are weak kneed lily livered blowhards. But every time one Long has to declare Bankruptcy investing with this stock, another newbie Long jumps in seems to be all fired up and ready to make the exact same mistakes. Sad but true. Back to five bucks and change.
There is a way to play both sides of the argument, sell puts. If the stock falls due to declining interest, you get it cheaper. If it rises, you keep the put premiums.
This stock is not going to run away. As we saw last week, it went up ca. 25% and is slowly giving it back...
The drug is proving to be safe and has the potential to have 1 billion in sales. You are so negative and short, you cannot see this. ELN will be in the double digits soon, keep short and your head will be handed to you:
Hey dummy, the smart money knows that there is no buyout with Pfizer. It's dummies like you that think this.
"Both Elan and Pfizer have declined to comment. However Goodbody analyst Ian Hunter suggested that Elan would be too small a target for Pfizer and that much of the share price rally may have been simply down to rumours of forecast-busting Tysabri sales."