Billionaire Israel Englander Increased His Stake In Eli Lilly During the Third Quarter: Should You?

After flying high during the first half of the year, pharmaceutical giant Eli Lilly (LLY -0.26%) has lost some momentum; the company's shares are down by 11% since June 1. However, the healthcare leader still has plenty of fans on Wall Street, including Israel Englander, the billionaire owner of Millennium Management, a hedge fund.Millennium Management's stake in Eli Lilly increased by 86% in the third quarter. Should you follow Englander's lead and increase your stake (or initiate a position) in Eli Lilly? ...