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So I bought ELN recently when it dropped 80% on a product scare. I though "hey, 8 bucks a share, probably can re-introduce the drug, they voluntarily pulled it off the market, sitting on 1.5 billion cash, not going to go bankrupt anytime soon, no debt maturing until 2008, value play!" ......a third patient dies on the drug, it drops to 3 dollars a share, and I'm out 3 grand.
Soooooo, lessons learned, I should stick to (gasp) mutual funds, index funds, etc. since even this small dent in my portfolio left me gasping for air. I'm holding the shares anyway, not much more to lose, and the company could always turn around in the long run..... :P
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