Brad Willock HOLDRs Pharmaceutical PPH-N PAST TOP PICK Dec 05, 2003

(A top pick Sept 3/03. Up 2%.) Feels that 2004 will be a better time for pharmaceuticals. The stock is a good way for investors to lower their risk and play a decent value situation.

Brad Willock

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$75.850

Stock price when the opinion was issued

biotechnology

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TOP PICK

A diversified way he can play the pharmaceutical sector. Good exposure for retail investors. This is a 1 to 3 year play.

PAST TOP PICK

(Past top pick December 5, up 11%) Will continue to play out.

COMMENT

If you like the biotechnology/pharmaceutical sector, this is a good ETF. One of the ways investors tend to do that kind of a trade is to buy a small portion of the portfolio in the ETF itself and sprinkler around it 2 or 3 stocks that they think will do quite well.

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Brad Willock HOLDRs Pharmaceutical PPH-N PAST TOP PICK Dec 05, 2003

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