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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?


To: Anthony Wong who wrote (7913)6/13/1999 9:29:00 AM
From: Manly  Read Replies (1) | Respond to of 9523
 
Typically don't like to average down on cost, but PFE is an exception since we areplanning to hold long term. If this were to happen to an internet stock, who knows where it would be headed in a few years? We view drug companies like an savings acct. only with better returns. You can put your money in and in 10 years or so, chances are pretty good that your stock portfolio in PFE will be worth a bunch more than it is today.

The last few years, we've made a killing in internet stocks, now looking to secure those gains in something a bit more stable for long term security. Have orders in for PFE down to $83, just in case! People who bought on margin may be getting calls soon. At least we hope so, can you imagine buyng PFE at $26 bucks post split? Working in the pharmaceutical industry, allows me to feel confident in putting my money into PFE long term.

Another interesting take - has anyone taken the time to find out what illnesses those patients had who died while taking Trovan? I've talked to a few PFE personnel and have found it quite interesting to say the least! 2 had advanced HIV, 2 had advanced stages of cancer, etc. The patients who died while taking Trovan were not the healthiest of individuals, do your own DD - it will open your eyes to the hysteria that is out there.

At least levels, PFE is very attractive as a long term investment! I know for us it's assuring versus the tech stocks now. We're still playing tech stocks until the middle of July.

Glenn



To: Anthony Wong who wrote (7913)6/13/1999 10:30:00 PM
From: zalesky  Read Replies (2) | Respond to of 9523
 
To Wong: I agree PFE will continue to slide. However,
I think a move down to the low 90s will be the dinner
bell to all mutual fund managers who are waiting for
a piece of the PFE action. I've got my order in at
90 1/2...either way we WILL win with PFE longer term.
Its a NO BRAINER!!