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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 (5826)10/7/1998 1:40:00 AM
From: Stephen  Read Replies (2) | Respond to of 9523
 
Twice after close today, Maria B, reporting on Pfizer mentioned price suffered because of Viagra prescrips fall off, lawsuit AND concern over them missing earnings number. First time, I thought I may have misheard her .... but the second confirmed what she said first time around. If there are earnings concerns I would expect further weakness unless the market rallies strongly ... which it may tomorrow, at least if Europe behaves. Also it seems that a lot of high p/e stocks are out of favour on the constantly CNBC mentioned thoery that these stocks must fall before the correction/bear market can be over. Maybe its getting through to people.

Good luck all... in the end it will all turn out okay

Stephen