$Eli Lilly and Co (LLY.US)$ there's a lot of negative side e...
$Eli Lilly and Co (LLY.US)$ there's a lot of negative side effects from these weight loss drugs that are starting to come about and I have very little doubt in my mind that a year from today you're going to see massive class action lawsuits against every one of these manufacturers
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35+ yrs in the trenches, raised tens of millions for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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105251507 : I still enter position because the EARNING IS NEAR..
10baggerbamm OP 105251507 : I'm not saying earnings are going to be good bad or indifferent there is a lot of competition coming in these weight loss drugs every time Dick and Harry company out there is offering something similar at this point. I would tell you over the weekend read some of the reports that are in medical journals of the problems that are surfacing from people taking them because that's typically where the lawsuits start is when you start seeing report surfacing in medical journals documenting their clients their patients that are taking the drugs and the side effects they're experiencing
MonkeyGee : Been telling people about the side effect for the past month. I guess now they will listen
105251507 10baggerbamm OP : well in that case I might buy some put for insurance..
10baggerbamm OP MonkeyGee : there's no magic pill and this was considered to be the magic pill at some point in time there will be massive class action lawsuits I don't know when it's going to happen it could be 2 years 3 years 5 years out but I will guarantee you that you're going to see it across the board and Lily be right at the top of the list the biggest law firms in the country and in the world will be going after Eli Lilly and every other manufacturer
MonkeyGee 105251507 : Do you know how much earnings they need to make to justify the PE. you should buy more it's a discount now if you believe in what you are saying.
105251507 MonkeyGee : well I'm not into that detail....sometimes u just need to follow the hype....btw I will not keep the stock for too long..maybe I sell before earning if raise sharply..or wait after earning n buy put for insurance..
104377867 : Reminded me of dexatrim back in 2000
MonkeyGee 105251507 : That's what the farmers do also, go where there are herds of sheep and lead them in to Slaughter!
MonkeyGee 104377867 : share charts on it for us