PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 25.88

+1.2%

Jan 15 3:59 PM EST

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To: AARON DIDICH who wrote (399)	12/7/1997 2:08:00 PM
From: D Edwards	Read Replies (2) of 9523

Aaron: you have already left me in the dust so to speak scientifically and medically. I have absolutely no training in medicine and will leave the answer to your question to others more qualified. My investing theory on VVUS is that demand, at least until Viagra hits the market is likely to continue to outstrip supply and that the stock price should appreciate for the next Q or two. At that time I will evaluate whether to sell my holdings in VVUS. I still worry that too much of PFEs current stock valuation is being supported by unrealistic expectations for Viagra and that any blip in the approval process would have nasty impacts on an already over-valued stock price, at least P/E-wise. Then we would have a WLA-type, 15 or 20% drop. I've been in PFE since '93 and have been amazed, but pleased, that people keep buying at these levels. Good luck with all of our investments in the months ahead. Dave PS Don't be so hard on the VVUSers as it's hard to be open-minded when a company you thought you understood is tanking. I believe that over the short term VVUS is oversold but then I have the luxury of being in at a relatively cheap level.

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