Saturday, May 14, 2005

know when to fold 'em

I closed out my PFE position on Friday and took a 7% loss. Basically, I just got too nervous on the torcetrapib/lipitor timeline. I saw another article talking about 2010 or 2011 approval. I think the stock is priced for 2007 or 2008. Anyone that is still long, I would advise following this situation closely plus the Ranbaxy patent case.

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