Biotech / Medical | PFE (Pfizer) How high will it go?


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To: rbarsom who wrote (7860)6/10/1999 11:02:00 PM
From: Perry   of 9498
 
If the stock does correct significantly (25-30%), any chance that the split may not happen.

Perry

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To: John F. Dowd who wrote (7879)6/10/1999 11:37:00 PM
From: pkwknk   of 9498
 
These analyst are penguins just like Kernan and Faber joke.

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To: pkwknk who wrote (7882)6/10/1999 11:48:00 PM
From: manny t   of 9498
 
It was very funny listening to Joe Kernan of CNBC openly challenging

the ANALysts for not downgrading PFE at 150 for its' overvaluation.

He remarked that he would remember the price at which they downgraded

PFE(approximately 100)and would remind them in the future of the

price that PFE was at,and how much it went down from their downgrade.

He did this with other ANALysts who were predicted a downdraft in the Market,and showed them to be DEAD WRONG.
Manny T.

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To: pkwknk who wrote (7882)6/11/1999 12:30:00 AM
From: MR. PANAMA (I am a PLAYER)   of 9498
 
One could say that DA TREND is their friends short time....later on they look awful silly as their calls show how emotion rather than homework influences their chantin. It has been a solid pullback here but will wait to enter after CPI is out.

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To: MR. PANAMA (I am a PLAYER) who wrote (7884)6/11/1999 5:57:00 AM
From: John F. Dowd   of 9498
 
Bateman: You are right but herein lies the problem with the US market. It is totally manipulated by these events. CPI? How does that effect PFE or the market for that matter? CPI up inflation concerns Fed raises rates or so the common wisdom goes. The bond market is already over 6% and Fed funds are at 4.75% so inflation is already factored in. If the Fed raises rates by 1/4 then we have a smaller spread - so what!

We have been manipulated into watching these numbers by the talking heads of CNN,Bloomberg,CNBC,et al (as well as the internet wannabes) because it makes the generation of "news events" simple for these broadcast simpletons. The bad part about it all is that a lot of folks put a lot of faith in these numbers. Ask yourself have you seen any real inflation and how is that going to effect (if at all) what I hold in my portfolio today.

The overdependence on these macro economic numbers causes market swings that indeed exagerate greatly market swings providing selling and buying opportunities.

As someone suggested we should do our homework (as should the anal-ists) and rely less on the Joe Kernans (is he awake) of the world. The scary thing is that these talking head bozos have so much power. In fact they are right behind AG the other guy that people pay too much attention to. JFD

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To: manny t who wrote (7880)6/11/1999 6:06:00 AM
From: John F. Dowd   of 9498
 
MannyT: I think I have seen you in Florida. Let us hope the fire sale doesn't continue. I for one have had enough of seeing yesterdays clearance sale going for even less the next day. JFD

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To: John F. Dowd who wrote (7886)6/11/1999 6:22:00 AM
From: fossilg   of 9498
 
There is talk on the chat room,the split is off,this is not good,i bought@110 for the split.Can they do this??????????

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To: John F. Dowd who wrote (7886)6/11/1999 6:52:00 AM
From: Mike McFarland   of 9498
 
Thread: I would have guessed that while PFE
was trading 50% higher than it is now, we
would have seen a few aquisitions go off--for
a while a number of biotech enthusiasts here
on SI have thought it was only a matter of time
before big pharma, with inflated stocks, went
cherry picking. And yet the deals have been slow
to develop--it is almost as if management at these
multi billion dollar pharmacutical companies is
blind to the incredible values in small cap biotech
companies. Or they prefer to try and squash the
little R&D platform companies just for kicks.

Does anybody on the thread have opinion on this
particular issue: I have 1000 shares of a company
called Sibia Neurosciences, perhaps you've heard of it?
I did a keyword search here and nothing came up, odd.

SIBIA Neurosciences, Inc. Announces Filing of Counterclaim
Against Pfizer Inc. for Patent Infringement
biz.yahoo.com 

then read this
Message 9519105

But I guess the lawyers really run the show...

Okay, part two of tonight's post: Anybody know if this
place is occupied yet?--The Pfizer Cambridge Discovery
Technology Center, here is a photo:
shooshanian.com 

Just curious, Cambridge is certainly a real hot
spot for biotechnology.

It's been a little disappointing to see the big pharma
companies stocks melt down...I had always hoped a little
bit of that money would slosh into the biotechs, what
a shame so few deals went off as things were peaking
out. The internuts did a lot better with this--you have
to do the deals when you have all that extra fluff in
the marketcap right?

Does Pfizer really have a billion shares outstanding,
that just blows my mind, a 100 Billion dollar company,
and that's after 50B evaporated.

Well, starting to ramble: I guess I have one other
question for you folks--are good things coming out
which will be better than the SSRI Zoloft, I have
heard of a few interesting things--sibutramine, I
think that one if from Sepracor (BASF's Meridia),
obviously Prozac II could be interesting, but that
is a few years away as well. Anyway, I am mainly just
rooting around looking for whatever the latest is
for OCD, but never really come up with much.

I guess when you go to the Pfizer website and see
that couple walking lovingly on the beach because
that male oldster can get it up, well, I know what
sells. Meanwhile, new drugs for serious mental
conditions seem not to get much attention. Anyway,
if anybody has knows of any anecdotal miracles with
using drugs to treat OCD, feel free to PM me, I'd
rather not go into the specifics on this public
thread, but let me just say that I am not impressed
with Prozac.

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To: Mike McFarland who wrote (7888)6/11/1999 7:02:00 AM
From: fossilg   of 9498
 
wow what a wind-bag,is the split on or off?????????

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To: fossilg who wrote (7889)6/11/1999 7:18:00 AM
From: James   of 9498
 
There will be no change in policy. The split will go ahead as planned, regardless of price.

I will be a strong buyer to add to my position at $96; where I see the bottom. PFE should start to rebound starting in the last week of June.


Regards,

James

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