What Did You Buy Today?

[fenders53]

(12-14-2020, 04:15 PM)saimash Wrote:

(12-14-2020, 02:06 PM)divmenow Wrote:

(12-14-2020, 01:45 PM)saimash Wrote: What's wrong with PFE... It moves upwards at sloth-like speed (even after being in the news for all the right reasons) and then keeps going downwards when you expect it to rise (as the new vaccines are finally being administered in the US)... Granted the Dividend is good, but has it run its course and has more risk of dropping like a rock (all it needs is one bad news about the vaccine)... Thoughts anyone ?

PFE is like T. You only buy it for the dividend not for growth. And the vaccines are not going to be a big money maker for them. I would much rather own bios with growth a deep a pipeline. Stocks like GILD and PFE will frustrate you.

I guess you're right... Well I just have 100 shares of it @ 32.96 and have got 2 dividends till date... Will let it sit and just DRIP and go from there :-)

I wouldn't make it a core position but you might be OK given your good entry price.  I have owned PFE in two accounts since it was a market darling around 1995.  I haven't even looked at my wife's Roth for years.  I should go see how many share she has DRIPPed.  It's been a frustrating stock for sure.  As you know they just spun off the slowest part of their business.  They stated they were not going to price gouge the Covid VAX.  Trump would have thrown the Defense Act down on them hard and the PR would have been horrible.  I expect they will make earnings for the foreseeable future as they will sell this worldwide and they got a nice head start on the serious competition.  I sold PFE puts and calls all year and it been a good one this year as I built it to 500 shares.  I am gradually lightening up now as a few of the call strikes hit.  I'll likely keep some.  It would be just my luck I dump it all and it runs to 50 finally.