This is why I don't invest in Pharmaceuticals

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  • azguy
    Confirmed User
    • Nov 2004
    • 5167
    #1

    This is why I don't invest in Pharmaceuticals

    :



    Elan Corp PLC (ELN), last week.
    Tags: None
    • Furious_Male
      Doing the grind since 99
      • Oct 2003
      • 16884
      #2
      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.
      Living in Virtual Reality
      Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

        Comment

        • mistress69
          Confirmed User
          • Feb 2005
          • 2804
          #3
          ouch hope u didn't get taken down with that

            Comment

            • azguy
              Confirmed User
              • Nov 2004
              • 5167
              #4
              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

                Comment

                • azguy
                  Confirmed User
                  • Nov 2004
                  • 5167
                  #5
                  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

                    Comment

                    • tungsten
                      Too lazy to set a custom title
                      • Mar 2004
                      • 10579
                      #6
                      i agree, not stable enough for me to invest in them
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                        • sumphatpimp
                          Confirmed User
                          • Aug 2002
                          • 5235
                          #7
                          Martha Stewart says drug companies are the best.

                            Comment

                            • azguy
                              Confirmed User
                              • Nov 2004
                              • 5167
                              #8
                              Originally posted by sumphatpimp
                              Martha Stewart says drug companies are the best.
                              Martha needs a reality check, not a reality tv show

                                Comment

                                • tranza
                                  ICQ: 197-556-237
                                  • Jun 2003
                                  • 57559
                                  #9
                                  Wow! I would kill myself right now if I had my money invested on those guys.
                                  I'm just a newbie.

                                    Comment

                                    • azguy
                                      Confirmed User
                                      • Nov 2004
                                      • 5167
                                      #10
                                      Originally posted by tranza
                                      Wow! I would kill myself right now if I had my money invested on those guys.
                                      Your gf would get to you first

                                        Comment

                                        • hydro
                                          Confirmed User
                                          • Dec 2003
                                          • 4216
                                          #11
                                          its not such as bad industry

                                            Comment

                                            • Furious_Male
                                              Doing the grind since 99
                                              • Oct 2003
                                              • 16884
                                              #12
                                              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.
                                              Living in Virtual Reality
                                              Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

                                                Comment

                                                • azguy
                                                  Confirmed User
                                                  • Nov 2004
                                                  • 5167
                                                  #13
                                                  Originally posted by hydro
                                                  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.

                                                    Comment

                                                    • azguy
                                                      Confirmed User
                                                      • Nov 2004
                                                      • 5167
                                                      #14
                                                      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

                                                        Comment

                                                        • BRISK
                                                          Too lazy to set a custom title
                                                          • Feb 2003
                                                          • 12240
                                                          #15
                                                          Where there is great risk, there is also great reward.
                                                          I post on GFY so that when people ask me what I do,
                                                          I can tell them that I work with the mentally retarded.

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