I have gotten a lot of complaints this evening about the fact that I dropped several hints about Elan but did not call for an actual trade.
Elan is going to the moon tonight because they finally look like they are making Tysabri progress. I have owned ELN for since June and, although I had faith in it, I certainly wasn’t gushing about it. In the past couple week I have gotten excited enough about it to drop hints but not sure enough about it to recommend.
I am not in the practice of calling buy, sell or hold on every stock. When I am going to make a trade, I spell it out very clearly but there are many stocks I like that I consider risky (like Elan) or just have no immediate trading value.
The purpose of this blog is not to talk about buy and hold trades and I never want to be one of those newsletters that say “we recommended ULBI last August and today it’s up.”
If I haven’t recommended a stock specifically in the past 10 days or the trade is still open, then I consider it a dead issue.
I take this Blog very seriously and hope to one day have a proper newsletter and I can’t do that by shotgunning recommendations.
So if I name drop, then check it out and make your own decisions because I may not have made my own yet!
