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

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

PFE 25.04

+2.6%

Nov 21 9:30 AM EST

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To: James Baker who wrote (3608)	6/20/1998 10:28:00 PM
From: Bradpalm1	Read Replies (1) of 9523

James, I believe that the street has been waiting to take some big profits on PFE for some time and will use this non-approval of Zeldox to rationalize a sell-off. Pfizer's transient rise above 120 was a manifestation of the market's wild early enthusiasm over Viagra and was not sustained. I think that many major players are more than a little concerned over Pfizer's huge PE and amazing run over the last several months. A significant correction now would be a very healthy thing (and also allow the analysts to better defend their buy recommendations) while giving us all a great buying opportunity. Pfizer's pipeline remains the strongest in the industry and trimming a little fat from the meat won't hurt this company (IMO). Bradpalm1

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