ELAN back from the depths (again !!)

jarvis >> don't get me wrong, if HOT is short and he calls it correctly then fair play to him, i never get upset if i come across a poster, whom may have batted for the same team in the past, to find them on the opposite side on another play,

what does cheese me off, is longs and shorts, whom make wild price targets without any substance to back them up.

What we have with ELA is an announcement on Ty on or before the 26th March, however IMHO direction for the FDA will come 1 month before the deadline date, so thats 26th Feb, that gives us 8 weeks.

Take 2 weeks out for the xmas break and what HOT's saying is we'll get a 30% retracement, withing that period (6 weeks), with more bulls joining the ranks on the lead up to approval and more shorts closing, (if there are many still left), i just can't see a 30% fall in the SP.

I do believe the price will move erraticaly over that period, but 30%, don't think so.

ps >> sorry for my spelling, don't give me any grief, i get enough from the wife, considering she was head of English before she became a head teacher.