About Me

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Location: Massachusetts, United States

My "I" is constantly changing (perhaps this is merely AD/HD): overdetermined nexus of cultural forces emanating from several continents: skeptical of all Truths and seeker of the truth: iconoclast by enculturation, brain chemistry, and, perhaps, choice: perpetually perplexed, particularly about why we exist/ as the manifestation of overdetermined forces whose existence (and nature) is not as solid (or simplistic) as we would like.

Friday, October 21, 2005

Doubled Position in Pfizer

The PFE drop has provided a nice opportunity. My only hope is that the market as a whole doesn't collapse. Based on a valuation range of $28-35, using current numbers, $21.25 is just too good to pass up for a company with a long history of generating positive free cash flow.

In this case, I see no reason to hedge, although I will sell covered calls, limiting the upside but reducing the portfolio risk.

posted by Satya | 10:35 AM