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Old 03-08-2005, 05:06 PM   #1
azguy
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This is why I don't invest in Pharmaceuticals

:



Elan Corp PLC (ELN), last week.
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Old 03-08-2005, 05:13 PM   #2
Furious_Male
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Elan was counting on one multiple sclerosis drug that didnt pan out. If I am not mistaken if you check the charts further back you will see the spike when the drug showed promise.

They are back down to where they belong.
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Old 03-08-2005, 05:14 PM   #3
mistress69
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ouch hope u didn't get taken down with that
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Old 03-08-2005, 05:15 PM   #4
azguy
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Quote:
Originally Posted by mistress69
ouch hope u didn't get taken down with that
I'm doing just fine without drug companies I never liked them
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Old 03-08-2005, 05:17 PM   #5
azguy
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Quote:
Originally Posted by Furious_Male
Elan was counting on one multiple sclerosis drug that didnt pan out. If I am not mistaken if you check the charts further back you will see the spike when the drug showed promise.

They are back down to where they belong.
BIIB who was also affected by this seems like a good buy right now below $40, but I'm keeping my goal to not touch drug companies
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Old 03-08-2005, 05:30 PM   #6
tungsten
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i agree, not stable enough for me to invest in them
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Old 03-08-2005, 05:33 PM   #7
sumphatpimp
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Martha Stewart says drug companies are the best.
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Old 03-08-2005, 05:34 PM   #8
azguy
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Martha Stewart says drug companies are the best.
Martha needs a reality check, not a reality tv show
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Old 03-08-2005, 05:34 PM   #9
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Wow! I would kill myself right now if I had my money invested on those guys.
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Old 03-08-2005, 05:34 PM   #10
azguy
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Wow! I would kill myself right now if I had my money invested on those guys.
Your gf would get to you first
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Old 03-08-2005, 05:52 PM   #11
hydro
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its not such as bad industry
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Old 03-08-2005, 05:57 PM   #12
Furious_Male
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I buy drug stocks all the time. Some big bank can be made if you play them right.

All these new cancer drugs hitting the market etc. make things exciting.

It all depends on your risk level.
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Old 03-08-2005, 05:58 PM   #13
azguy
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its not such as bad industry
It's a risky one. I did well with ImClone and that's when I decided to leave drug companies out of my portfolio... The same results can be achieved easier and be safer at the same time.
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Old 03-08-2005, 05:59 PM   #14
azguy
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Quote:
Originally Posted by Furious_Male
I buy drug stocks all the time. Some big bank can be made if you play them right.

All these new cancer drugs hitting the market etc. make things exciting.

It all depends on your risk level.
I mostly daytrade... Quick in and outs. Drug companies will take away from my sleep at night
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Old 03-08-2005, 06:00 PM   #15
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Where there is great risk, there is also great reward.
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