I don't want to wait for PFE to go to $29 or higher. At $20,I can walk away with $40K profit. Hope it gets there by December atleast. In the meantime, I keep playing with selling Puts and Covered calls and collecting dividends.
You'll just have to be patient until Q2-11 if you want to see $20. Pfizer's stock price is exemplified by the Gallo wine motto of "no wine before its time."
PFE might reach $20 by December 2014.
It should be "double trey" by that time - 12 times my expected 2015 non-GAAP earnings of $2.75 per share.