I don’t know about problems. It is a bit of an intuitive call, but I see some signs where I think a good trend up for PFE comes into play. I mean a longer bullmove like 1-2 years. Reasons:
- Could get ‘monopolized’ profits in vaccins, or at least a very dominant player.
- Q2 results where very good. What are they gonna do with all this money?
- PFE has not moved up a lot like MNRA or BNTX. Off course there are reasons for that, but why shouldn’t there flow some money from BNTX to PFE (they share profits).
- MNRA/BNTX have moved up already quite a bit. If a period of money flow out of growth and into more ‘safe assets’ materializes PFE is a candidate for that ( this flow @vanzandt described)
- I see a lot of calls in the option chain. Could be speculation for a move up.
- Last, PFE is not a popular name on trading sites ( high popularity is a bad thing in my opinion)
I’am not really a fan from TA but looking at a really long-term chart (1985-now) the level of 1999 is about the be broken/is broken:
View attachment 266410
But please take what I say with a grain of salt, I certainly have not studied balance sheets and specific company information.
Thinking about to really build a position for this (already started last week). What do you guys think?
