Biotech Values

[jbog]

Alertmeipp,

There's no question the selloff has been harsh but I wouldn't assume it's done yet.

Martin really PO'd the big investors this week at the ipd. I read they ripped him pretty bad at a dinner that night.

The trust could be gone.

"""Last night, Elan held an invitation-only party for select investors in a private room of a Chicago restaurant. The event, attended by many of Elan's largest shareholders and biggest fans, was to be a "celebratory" event.

Well, the event turned out to be more of a wake than a party, according to a spy who was in attendance.

"The mood was a combination of depressed and pissed off," said my source. There was very little drinking, everyone was somber and complaining. Instead of celebrating and back-slapping his shareholders, Martin was forced to answer questions about what went wrong, my spy tells me. """"

af