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I remember the drugs company Elan[1] here in Ireland. It got hit bad in the early noughties by accounting issues and other problems, but they had this potentially killer drug called Tysabri and so, as they tanked, there were "smart" investors at every drop buying in and it just kept dropping and kept dropping. Loads of fairly smart people lost a lot of money. Only those who could really follow it all the way to the bottom were ok.

The high was $74 per share. The low was about $2 a share.

[1] https://en.wikipedia.org/wiki/%C3%89lan




Apologies for the unrelated comment, but is “noughties” a common term for the 2000-2009 decade?

I’m on the East Coast of the US, and though it makes sense, I haven’t seen it before.


On the East coast too, it's not that common. I once heard it by an overly pedantic gentleman... But his pronunciation made me giggle so I started using it.


It is not incredibly common, but you see it every now and again.

It was was also used for the 1900-1909 decade as well.




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