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

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

PFE 26.02

+1.2%

Dec 5 9:30 AM EST

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To: Brian P. who wrote (6006)	10/14/1998 1:31:00 PM
From: Stephen	of 9523

Brian, it depends on a number of things. The general market (obviously), and whether this is a trading rally or not. It may well be that the shorts got in too early and are scrambling to cover, but when it all settles down, I would personally expect the price to fall. Its all in the eye of the beholder, but imho the stock is over-valued at this price I guess the argument is that the pharms won't be affected by the economic slowdown and stock market decline. But if the market goes down, I doubt any class of stocks will be uneffected. On the other hand, if things pick up, then there may well be a shift to cheaper stocks. Who knows .... based upon todays action, certainly not me !! Good luck with your investment Stephen

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