I would like to know what stock wasn't over priced in 1999. It was February, 2000 that I paid off a mortgage with gains on stocks.
You are correct again, any reference to 1999 prices is irrelevant.
Listen fool. You should get a little thicker skin if you want to go around calling people names instead of crying like a little baby. I have not called any people names who have not called me names first. Now if a company like PFE at $16.9 is expected to earn $ 2.20 for the next several years with an expected 2% growth in the next 5 years i say it is underpriced at this time. You and others say it is overpriced. Lets all put our money where our mouths are and see what happens.
In the 1990s PFE share price went way up. In the last 10 years it has gone way down. It can just as easily start heading back up this decade.
What's to admit? No one ever claimed that PFE wasn't overpriced in 1999. That's totally irrelevant.
Clearly you don't understand the distinction between technical & fundamental analysis. You can't even grasp what people tried to teach you.
The fact is that PFE has been in a long-term downtrend since 1999. For most of that time it was over-priced, as it again is now, although not as badly as most of that time. For a brief period in 2009, it was actually fairly or under-priced.
Only a fool calls others fools because he's too dumb to understand what they're saying.
I rest my case again. Another fool who cant admit that PFE was way over priced in 1999. I happen to have following this board but not posting often for a couple of years. I should have kept it this way and not waste my time trying to reason with idiots like you.
You're the laughable lunatic fool if you don't understand why you start in 1999 instead of 1995.
It doesn't matter what PFE earned in 1999 or might earn in 2021. The fact is that PFE has been in a long-term downtrend for eleven years.
That PFE is also going to earn less in 2012 & 2013 than in 2011 also matters. Both technicals & fundamentals stink. Besides which, it's a crooked company incapable of doing what it's supposed to do, produce new medicines profitably. Instead it makes deal after deal using money from overcharging Americans thanks to corrupt practices.
Those "fools" as you call them, have been right for eleven years in a row & made fortunes. Had you read this board for more than two days, you'd know that.
Your butt buddy Alan, by contrast, has been disastrously wrong all that time. Bad choice of hero.
Who said that PFE would not have an up day after nine straight down days & after three months of funds' dumping?
It was only to be expected, with short covering boosted by MRK. Don't worry, though, the fools will yet again prove correct, same as several times every year in the past when newbie baby bulls show up here calling all the old hands "idiots" & "fools", only to slink off, as you will do, when PFE starts making new lows again, as it always does.