The street is heavily shorting PFE, MRK, and those big name pharmaceutical companies that have run up big in the past quarter. They will long those issues when they dip further. PFE is a great stock to own, but you can get in at a lower price in the near future.
FRX should see a nice run up to higher 40s to low 50s in the very near future. They will absolutely blow out the quarter (on Tuesday) and they have several more drugs in line that will get approval from FDA in the near future.
Waistgunner, I am new to this but it sounded to me like you've developed a good system for identifying opportunities. Would you share with me how you've created your watch list, what software or other tools are most helpful and how one goes about creating a watch list?