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Strategies & Market Trends : Let's Make REAL MONEY (Big, long-term cap. gains)
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To: Papillon who wrote (96)1/7/1998 3:29:00 PM
From: Papillon  Read Replies (1) of 135
 
Don, Sorry, continuing/correcting my earlier message - that was supposed to be Iowa, I ran into someone from Iowa at Tapovan at the base of Shivaling in the Indian Himalaya. Don't remember what I was going to say about Pharm stocks, but the only reason to pick them is on the basis of their pipelines (PFE probably has the best) and for the long term. They are at historically high P/Es and will come down in any big correction, but they won't come down to the old P/E levels; the rules have changed.
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