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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.96+0.7%11:07 AM EST

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To: Doug Soon who wrote (3041)5/29/1998 12:37:00 PM
From: Anthony Wong  Read Replies (1) of 9523
 
Doug, I think the money flow is temporary. As to the gullibility of ordinary investors, you should look at some of the penny stocks in my portfolio. ICOS's stock price will settle down after all this excitement, and there will be plenty of opportunity between now and the approval of IC351 in 2000/2001 for those who want to invest in ICOS just as a hedge. Takes lots of patience to invest in a small biotech, but ICOS has a big pharma (BMY) as partner in developing this new drug. In the meantime I prefer to stick with PFE, which hopefully won't correct as much in a market downturn. Besides IC351 there will be other competitors to Viagra coming, but perhaps like LLY's Prozac, it would have developed a brand name and loyal following to retain a major market share.

Looking forward to Windows 2T,

Anthony
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