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

To: leslie jo who wrote (6691)	1/13/1999 6:02:00 PM
From: Ibexx	Read Replies (1) \| Respond to of 9523

hi leslie, Thanks for your kind words. I think the big pharmas are alive and well, just took a breather over the last couple of weeks. Re. WLA: I have a long position (which I don't trade), but have been taking advantage of the price fluctuation by shorting the puts (specifically, I sold April 70p for a rich premium). I expect the stock will stay above $70 in the foreseeable future, barring unexpected domestic/international crisis, thus in April the puts will expire worthless allowing me to keep the entire premium. My only other pharma holding is PFE, but will look for an entry point of Amgen in the spring. I am very picky about drug stocks as I spend most of my career working in this field/business. Regards, Ibexx