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

To: Nick who wrote (7703)	5/18/1999 12:52:00 AM
From: Mark T Warren	Respond to of 9523

Ride it out, PFE is probably done correcting and will head up from here. Viagra on Ally McBeal tonite. Richard Fish got some from his doctor to help him conquer Ling after an initial failure. Not mentioned by name but described exactly so there was no doubt. He went on to be a stallion. Maybe PFE can fly on that good exposure?

To: Nick who wrote (7703)	5/18/1999 6:25:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 9523

Nick, I second Mark's opinion. The drug sector correction has probably run its course. I hardly think PFE has a 20% downside at this point. Unless your father feels uncomfortable being in the stock market during the next 12 months, I see no reason selling now. If he wants to sell, better wait for one of those PFE peaks, not a PFE valley, IMHO.

To: Nick who wrote (7703)	5/18/1999 11:08:00 PM
From: Tunica Albuginea	Read Replies (3) \| Respond to of 9523

Nick, PFE has been put on watch list by Street Advisor.com. Chart not looking good ( scroll down ). streetadvisor.com If it breaks 112 next stop 107, but not a lot. Next support 100. With rising health care costs and everybody eyeing to cut them, profit potential looks slim. Fed's interest rate decision is against high PE stocks in near term, 3-6 months.. At your father's age preservation of capital is #1. I would sell PFE and stay on the side. It probably won't move a lot. He can always go back into it, if it comes back from going down. If later it starts moving he can hop back into it. Or even better, move into something better /cheaper in the usual summer correction. I note that you own AOL. If he moves into AOL at 115 - 125 I think the long term upside potential is greater, ( and more pFun! <g>) The time to make big profits in drugs was 20 - 30 years ago when insurances paid bills no questions asked. Today it's a different ball game. Just my opinion, TA PS here is a hypothetical calculation: Initial capital =65000 sell PFE @ >~111 = loss of $10000. Remain Capital 55000 Buy AOL @ 125 ( on a bad day, <g>) = 440 shares AOL target price next 12 months = >$200 ( profit of $75/share, X440 shares = $33000) Capital in 12 months = 55000+33000+ 88000. Profit= 88000-65000=$23000 Taxes and fees are excluded from the calculations but they are in his favor. Big payola of course is 24-36 months out when because of AOL's rapid growrh rate, your dad's initial investment may double even considering PFE loss. I've seen you at the AOL thread so I don't think I need to sell you the company, <g>