johnpaulca
12,036 posts
msg #78551
- Ignore johnpaulca |
9/3/2009 3:46:04 PM
AXL....we could see $5.94 again
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xxcheck
53 posts
msg #78552
- Ignore xxcheck |
9/3/2009 4:49:46 PM
Been watching that one. Down in AH
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Eman93
4,750 posts
msg #78553
- Ignore Eman93 |
9/3/2009 5:43:28 PM
Picked up some ELN today hat tip to JP.
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xxcheck
53 posts
msg #78558
- Ignore xxcheck
modified |
9/3/2009 6:31:04 PM
Hope you sold it, down 9% AH. Some breatch of contract issues released. GL
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Eman93
4,750 posts
msg #78559
- Ignore Eman93 |
9/3/2009 6:41:39 PM
NEW YORK, Sept 3 (Reuters) - Irish drugmaker Elan Corp PLC (ELN:$7.35,00$0.30,004.26%) breached a collaboration agreement with Biogen Idec Inc (BIIB:$49.91,00$0.72,001.46%) over its multiple sclerosis drug Tysabri in making a deal with Johnson & Johnson (JNJ:$59.69,00$-0.07,00-0.12%) , a U.S. judge ruled on Thursday.
Manhattan federal court judge Deborah Batts said Elan has 23 days to repair the breach in the contract after J&J had received an option to give debt-ridden Elan the money to acquire Biogen's share of Tysabri if Biogen were acquired.
She said Biogen "is within its rights" to give Elan "the opportunity to cure that breach."
The case is Elan Pharma International Limited v. Biogen, Inc 09-cv-06928 in U.S. District Court for the Southern District of New York (Manhattan) (Reporting by Grant McCool; Editing by Tim Dobbyn)
I have tradded this before.......I think the last time I bought it some bad news about this same stuff happened.....held and made coin.
getting bids at 6.78 right now.......
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Eman93
4,750 posts
msg #78560
- Ignore Eman93 |
9/3/2009 6:42:47 PM
I have taken a new step I will never sell a stock for a loss ever.......LOL
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xxcheck
53 posts
msg #78561
- Ignore xxcheck |
9/3/2009 6:50:19 PM
Yeah I hear yeah. I have taken the same stance on my ETFC trade. I really let to much rope out and violated my stop loss rules.
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Eman93
4,750 posts
msg #78562
- Ignore Eman93 |
9/3/2009 6:56:18 PM
No one running for the exits in AH sitting at bid 6.78 with no sellers...last trade 6.85
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Eman93
4,750 posts
msg #78563
- Ignore Eman93 |
9/3/2009 7:09:31 PM
ELN to 7 in AH
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johnpaulca
12,036 posts
msg #78582
- Ignore johnpaulca |
9/4/2009 9:35:55 AM
BPOP...long at $2.16
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