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

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

PFE 25.85

+0.2%

Dec 12 9:30 AM EST

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To: Nick who wrote (7703)	5/18/1999 11:08:00 PM
From: Tunica Albuginea	Read Replies (3) of 9523

Nick, PFE has been put on watch list by Street Advisor.com. Chart not looking good ( scroll down ). streetadvisor.com If it breaks 112 next stop 107, but not a lot. Next support 100. With rising health care costs and everybody eyeing to cut them, profit potential looks slim. Fed's interest rate decision is against high PE stocks in near term, 3-6 months.. At your father's age preservation of capital is #1. I would sell PFE and stay on the side. It probably won't move a lot. He can always go back into it, if it comes back from going down. If later it starts moving he can hop back into it. Or even better, move into something better /cheaper in the usual summer correction. I note that you own AOL. If he moves into AOL at 115 - 125 I think the long term upside potential is greater, ( and more pFun! <g>) The time to make big profits in drugs was 20 - 30 years ago when insurances paid bills no questions asked. Today it's a different ball game. Just my opinion, TA PS here is a hypothetical calculation: Initial capital =65000 sell PFE @ >~111 = loss of $10000. Remain Capital 55000 Buy AOL @ 125 ( on a bad day, <g>) = 440 shares AOL target price next 12 months = >$200 ( profit of $75/share, X440 shares = $33000) Capital in 12 months = 55000+33000+ 88000. Profit= 88000-65000=$23000 Taxes and fees are excluded from the calculations but they are in his favor. Big payola of course is 24-36 months out when because of AOL's rapid growrh rate, your dad's initial investment may double even considering PFE loss. I've seen you at the AOL thread so I don't think I need to sell you the company, <g>

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