I already own MRK but am looking to add another big Pharma to my portfolio. I missed buying PFE when it was $19 not that long ago. Would you buy at the current price before the earnings on Tuesday? Or do you think I will get a chance at $24. Thanks
Big pharma is still cheap. I hold JNJ, MRK, and PFE and I'm looking to add on pullbacks. I think PFE can get to $30 and MRK to $50.
Overall, I think we're having a broader market correction that will take everything down with it. Be patient and slowly add in. In my opinion, the next 500 or so point movement in the Dow is downward unless Romney surprises and wins in a landslide.
If Romney wins the market gains 300-500 points Wednesday the 7th, and loses that much if Obama wins.....In my estimation Obama is bad news for the stock market if he wins....He creates too many uncertainties....