Tuesday, August 15, 2006

Just One More Step, Pfizer...

Oh, so close… Yep, Pfizer (Ticker: PFE) is just inches from breaking out into a new 52 week high. We’re still in the early innings of this pharma rally. Take a look at Abbott Labs (Ticker: ABT), which just made a new 52-week high and Johnson & Johnson (Ticker: JNJ) is making its move as well. My only pharma position is Pfizer, which I acquired a long long time ago. Actually, I had a position in Warner Lambert, which was later acquired by Pfizer. So that’s how I became a Pfizer shareholder. It’s been a long, exciting and sometimes painful ride…

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