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

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

PFE 25.27

+0.7%

9:41 AM EST

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To: BiGx who wrote (4332)	7/14/1998 5:53:00 PM
From: B.REVERE	Read Replies (2) of 9523

Pfizer has already announced that they expect approval from Europe in late August. When that occurs, it will be too late for anyone to react fast enough to get the stock before its jumped at least 5 points. As far as safety concerns, until the FDA says there are concerns, there are no concerns. The media will try to hype their headlines to sell their papers but bottomline, its all b/s.The men who have already died either were not in good health to begin with or didn't follow the warnings on nitrate combinations. The overall death rate for the 45-75 age group was well below normal mortality rates for 2+ million men over a three month period. Pfizer has defended their position on safety concerns many times and the bs from the w/s journal finally took a nap. The weakness in today's close was predicated on option call writers rolling over their positions to August or booking profits. As the call inventory for this month dries up, so will the selling pressure as there is nothing else on the horizon to affect the continued upward move. As long as money flows from the big players continue to be positive, then the stock will continue its rise. They will continue to value this stock at higher p/e levels than normal because it is a quality,defensive, big cap stock that will continue to outperform the s&p 500 for many years to come. The next couple of days may provide an opportunity to buy in at 115- 118 level but barring any major news affecting Pfizer directly, IMO this will be the last opportunity at this level. Later, BR

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