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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 (7786)6/3/1999 2:48:00 PM
From: manny t  Read Replies (2) | Respond to of 9523
 
I posted the following on the Market Gems thread.

To: lee kramer (43017 )
From: manny t Thursday, Jun 3 1999 1:44PM ET
Reply # of 43031

PFE,

Is anyone buying PFE for the 3 for 1 stock split on 6/30?
At current price of PFE of 108,this would mean 36 dollars per share
post split.Somehow it seems very cheap at the current price.
40 to 45 seems like a more likely post split price,or 120 to 135
pre-split.
I am in.
IMHO,
Manny T.




To: Anthony Wong who wrote (7786)6/3/1999 5:51:00 PM
From: Dan Spillane  Read Replies (1) | Respond to of 9523
 
I hold stock in Cell Genesys (CEGE) which owns part of Abgenix; if mice can be drug factories like sheep, we are set. And it seems obvious they can at this point; there is already a tremendous amount of research which has gone into mice.

(you posted)
The companies, Abgenix Inc. <ABGX.O> and Medarex Inc.
<MEDX.O>, have spent millions of dollars and years of research
developing the mice, which are hot items among drug makers hoping
to tap into what is expected to be a multibillion dollar industry of
medicines based on antibodies.