Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly) Message Board

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Biotech / Medical : Pharma News Only (pfe,mrk,wla, sgp, ahp, bmy, lly)

PFE 24.32

-1.5%

Nov 4 3:59 PM EST

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To: Henry Niman who wrote (1603)	9/14/1999 4:17:00 PM
From: Thomas J Pittman	Read Replies (2) of 1722

I think we are going to see the big pharmas lower at least until the end of the year. 1) They havent done well this year and I think you could see some tax loss covering on these. 2) The rest of the market has had decent profit growth and after a few years, it is reasonable for folks to rotate out of these gains. 3) The medicare stuff. I am saving my pennies in hopes of being able to pick up some of these names at prices below their 1 year range. I think we are going to see PE contraction on these and that by the November December timeframe I will be able to buy some of the big names at 1.0 to 1.2 of market multiple. I plan to play this sector with individual purchases (probably elan, pfe, wla, maybe ahp) and through the funds jaglx, invesco, fidelity (health and/or biotech). If this pans out I will be grateful to the market for giving me this chance to load up on these stocks for my kids college and my own retirement. Is there a 'non news only' thread for this kind of stuff? J

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