PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 26.45

+2.3%

3:59 PM EST

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To: John F. Dowd who wrote (1357)	4/21/1998 8:21:00 PM
From: Leo Francis	of 9523

I recently sold my long term holdings of PFE ($100), as I felt uncomfortable with valuations, and I like selling into the "news". I still like PFE as a long term stock, however, the current spike seems unsustainable in the short term. I shorted PFE at $120 at the open today, expecting my market order to be filled around yesterday's close of 113. Momentum seems to be on the stock's side, but I've seen PFE "correct" many times over the years. I think we'll see some rational profit taking, and a slide of the stock price. Good Trading, LF

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