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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.64+1.9%12:49 PM EST
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To: BigKNY3 who wrote (1643)4/26/1998 10:40:00 AM
From: Cosmo Daisey  Read Replies (2) of 9523
 
BigKNY3,
In the past I suggested looking at the trading history of Syntex for some ideas of what can happen when a revolutionary new drug is discovered. Syntex stock moved higher and higher and split many times in its run from dollars to hundreds of dollars. Pfizer is already a big company and I don't expect the same percentage gains here but the media coverage is similar to the stories when Syntex first marketed the birth control pill. The same adjectives are being used to describe Viagra as the "pill". Pfizer even has the Pope's blessing which Syntex didn't. This morning on the news programs Viagra was said to have the same importance as the discovery of the atom or the internet.
I recall paying too much for Syntex stock at $100 and holding for the ride to $600. (splits along the way)
Recently I paid too much for PFE as I added to my position. I paid too much at $90, $96, $103, and $112.
One of my friends paid too much at $100 and another at $101.
Pfizer hasn't started marketing the drug, foreign approvals are pending, some drug stores haven't received Viagra yet. Next Q will be a blow out. PFE has a great pipeline. Pfizer with a new market cap is looking down on MRK and will continue to look down on the naysayers.
cdaiseyPhD@buy-more-pfe.com
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