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PFE, BUY TIME THIS WEEK
Rating: -1.00 (1 votes)
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Pfizer, A large robust pharmaceutical corporation, with a large R & D, world wide sales and productuion. Over 40 years of consectutive dividend growth. Increasing book value. Sales of 48.6 Billion, 5 year growth of 8.5%. Net profit of 17.41% Institutoinal ownership of 61% with Barkleys World Fund and insiders buying in the past 3 weeks. The company has made many profitable aquisitions and alliance's to bring new products to the market place. The future looks bright with the babyboomers being prescibed more drugs. The Social Securty prescription drug program making more drugs affordable to more people. Even perhaps the frutatiuon of a nation wide health insurance program. This is not to mention their Animal Health Division. With people spending more on thier pets now than ever before and the farming needs around the world. All this is enough to convice most of us to invest in this stock. But, for me it was the chart that caught my attention. This stock has been caught up in the market wide sell off and has reached a 3 year low on Jan. 22. @ $21.56. Then climbed to $23.78 on Feb 4. It then fell to $22.18 Friday. On Monday depending on market pressures PFE may fall to $21.35 in early trading then start its climb to around $23.00 by Wed. or Thurs.. At that time the market will drive the price. If the sell off continues then so shall the price of PFE fall. If the maket improves then so shall PFE. There are two ways to profit from this stock pick. One, you can buy at $21.35 or so than hoild untill $23.50 and sell. Then rebuy @ $22 agian as the chart tells me to do. Or you can buy Mon or Tues. and hold for the next 1 to 5 years. Either plan will work and you won't buy this stock any cheaper. I think I'll do both, hold some and sell some. As always I wish you good fortune and congrats to the leaders. Timeismoney
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