This is why I don't invest in Pharmaceuticals
 

:eyecrazy:

http://chart.finance.yahoo.com/c/6m/e/eln.gif

Elan Corp PLC (ELN), last week.

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.

ouch hope u didn't get taken down with that

I'm doing just fine without drug companies :) I never liked them

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

i agree, not stable enough for me to invest in them

Martha Stewart says drug companies are the best.

Martha needs a reality check, not a reality tv show :thumbsup

Wow! I would kill myself right now if I had my money invested on those guys.

Your gf would get to you first :warning :1orglaugh

its not such as bad industry :batman

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.

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.

I mostly daytrade... Quick in and outs. Drug companies will take away from my sleep at night :)

Where there is great risk, there is also great reward.