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

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

PFE 25.29

-1.6%

Dec 1 3:59 PM EST

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To: BiGx who wrote (4299)	7/13/1998 10:18:00 PM
From: Anthony Wong	Read Replies (2) of 9523

Welcome aboard, BiGx. I am not the best person to answer your question because I'm a big PFE bull. I still consider PFE a good long trm hold (and a buy whenever it dips 10%-15%) because, similar to great companies such as KO, GE, PG, CSCO and LU, it justifies a high P/E. As many in this thread has stressed, PFE is more than Viagra. Even if Viagra is recalled by the FDA (which I think is highly unlikely) and the stock drops to $75, it would eventually work its way up again because there are other potential blockbusters such as Celebra coming and the other blockbuster drugs continue to gain market share. If you feel that PFE would be vulnerable and you want to protect your profit, perhaps you can consider writing covered calls.

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