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I was talking to a guy and he said Pfizer would be a good buy now. They have a new drug out that raises your good cholesterol and lowers the bad. It isn't approved yet but within the next 4-5 years it would be. What do you think here for a long term thing.
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Leo,
Good to see you back..
:D
Pfizer has been in a trading range for the last 2 yrs. It roams between 27 and 37, a breakout of that area could be pretty nice.
Keep in mind that pharmas are candidate sensitive..I remember last election that they were up and down not knowing what Bush would do. Alot rides on this pricing issue and letting us get cheaper drugs elsewhere..
Also keep in mind that PFE is a monster stock, its market cap is 285 BILLION dollars..so they must keep having big drugs in order to keep their earnings going..
If I had to hold a pharma, I would say PFE would be in the top 2 I would hold.
Dont expect huge returns unless you buy them on sale, when the stock hits the lower band of a trading range..but expect a stock that wont go to ZERO for you too..haha -
wallstreet
Thank you for the advice. I heard that from a friend and he has been lucky in the stocks. you had made alot of sense though. I will stay away;. ThanksComment
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