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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.16-0.5%Dec 2 3:59 PM EST

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To: Dave Mansfield who wrote (7851)6/9/1999 11:45:00 PM
From: t2  Read Replies (1) of 9523
 
Dave, I accept your explanation as valid. I guess my concern was that in the past, drug stock may have supported much lower PEs. With a high PE stock like PFE, I would think it would react to an increase in interest rates negatively just like the high PE technology companies. I guess your point would be that high interest rate environment in the domestic market would slow sales of the tech companies while drugs won't be affected. Is that logical?
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