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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: BigKNY3 who wrote (18572)2/7/1999 11:28:00 PM
From: VLAD  Read Replies (1) | Respond to of 23519
 
Kahuna,

I believe there is a misconception that all these Big Pharma stocks will be going up forever. They have been trading at PE levels for the past year which are historically very over valuated.

Based on this reason alone, I think there are too many value plays out there for funds to keep pouring money into these stock in the near future. Look at your favorite Pfizer. The Viagra hype gave it a run up to about 130 last spring and here we are 10 months later at about the same price. And if wasn't for a split announcement, I doubt Pfizer would be this high at this time.