Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: tony sidhu who wrote (4879)	8/12/1998 4:59:00 PM
From: B.REVERE	Read Replies (3) \| Respond to of 9523

[Block trade]-- That looked like a buy as the price went from 3 1/4 to 3 1/2. I surmise that the trade is based on Viagra approval by Europe in a few weeks and the expected approval of Celebra by the FDA before December. There is strong support at around 100 but pfizer's management is going to have to take a more active role to support the stock and its shareholders. Having announced a buyback plan to openly purchase 2 billion of its stock in Sept. 1996 was a nice boost to the price of the stock back then. Since less than 50% of this money has been used, it would certainly increase the managements' credibility if they now went ahead at these levels and put that remaining billion to work and bought back their stock. Being a long term holder of the issue, I do not perceive Pfizer's management as being proactive to combat the misinformation being dispelled by The w/s journal and various analysts every week. As long as the mgmt. sits on its hands when Bloomberg prints every rumor and possibility about what "might have" caused someone's misfortune to their "Viagra" usage, the stock will continue to go nowhere. The only way to combat "what ifs" is to specifically say how well their overall business is doing despite the currency problems and put out some hard numbers on what to expect the remainder of this year. A bold statement to the press about the real world of their business will counteract the b/s that perpetuates the airwaves. Right now, I have a breakeven position in Pfizer but will take my money elsewhere if management continues to disregard my concerns. Dow +90 , pfe -2 , there is no correlation today and that should concern everyone else. Later,