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Biotech / Medical : Novartis
NVS 126.59+0.9%3:59 PM EST
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To: Tom Wilkes who wrote (98)11/7/1997 4:50:00 PM
From: Sonki  Read Replies (2) of 296
 
which pharmaceuticals is still a buy? at these levels? i have pfe, mrk, sold wla and lly. I did not intend to sell but valuations
got really ridiculus ...wla = 50 pe. sold at 150 and would still
like to buy back.

tom, i do not like my stocks to zoom up right after i buy.
i like sleepy stocks that keep moving at a value that they deserve.
so you will never see novartis moving fast as it is big and bulky
but i know it's going to be around 20yrs from now and i don't have
to check on it.

i hate selling my stocks and have to pay taxes or make loss type of
decesions.

i.e. i tolerate, intel and csco. msft is steady.

again if intel zooms to 50pe all of a sudden i.e. $200 all of a sudden
they u would be forced to reconsider holding it. that's what happened
with wla.

please let me know any drug stocks that u think are reasonable value.
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