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Wednesday, 26 November 2003

"Trading Transparency" ELAB

Stocks were up strongly early today and one stock that particularly stood out was ELAB. ELAB closed today at $52.24 up $2.69 or 5.44%. The stock traded as high as $53.50 on news of US regulatory approval of a generic verson of SmithKline's Wellbutrin. (http://biz.yahoo.com/rc/031126/health_wellbutrin_4.html). Eon Labs (ELAB) has been a star performer in my trading portfolio. My initial purchase was made on 5/30/03 when I purchased 250 shares at a cost basis of $29.39. On June 16, 2003, I sold 50 shares at $36.42 (24% gain) for gain of $351.32, and another 50 shares at $38.34 (30.4% gain) for gain of $447.26, and today I sold 30 shares at $52.90 (80% gain) or gain of $705.30. We still have 120 shares remaining at $52.24....for a value of $6,268.80. (The value of our initial purchase of 250 shares at $29.39 was $7347.50...so we have almost the entire value of ELAB still in our portfolio.)...you can see how this is working!

Anyhow, wishing you and ALL of my friends a very Happy Thanksgiving! As always, please consult with your investment advisor before taking any action on any stocks listed on this website...as they may or may not be profitable, and may or may not be suitable for you!

Bob

Posted by bobsadviceforstocks at 7:46 PM CST | Post Comment | Permalink
Updated: Wednesday, 26 November 2003 7:48 PM CST

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