Biotech Values

[WorstLuck]

PFE

Starting to look interesting. I'd like to see 32's.

Closed @ 32.85 so part way there.

I don't like buying stocks in established downtrends. It's easy to find examples of stocks that look like a bargain and then go down another 50% or more.

PFE is unlikely to go down 50% from here without a significant bear market!

But it can clearly still go down further. Time to sit on my hands and see if it settles out somewhere lower in the coming weeks or months. After a 9 month downtrend from ~55 it pays to wait and get further clarity on the business in the meantime.

With dividend yield at almost 5% it should be pretty much done unless other issues show up.