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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.67-0.8%3:59 PM EST

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To: Caroline who wrote (2098)5/5/1998 9:36:00 PM
From: Spunky Beaver  Read Replies (2) of 9523
 
<<I don't think PFE went down on the blue tinge.
People saw a profit and took it. The longer it bases here the stronger the next upward move is.>>

Agreed. If it drops 5 points between now and next Monday, it's no big deal.
Monday, we will get the number of prescriptions filled report and my guess is it will be in the neighborhood of 400K (or should I make that M on this thread?). This number would translate into an annualized sales of $1.7 Billion, almost 50% higher than the analyst have forecasted for Viagra. A half billion in additional revenue to Pfizer would equate to a 5 to 6% increase in total projected PFE revenue.
The smart money is accumulating PFE right now, not daytrading it..
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