RE: Initial position at 105-106
Add to the position at 97-98
Final add-on at 90-91
With PFE at 112, for your prices to be hit, PFE would have to be going down for you to be a buyer. Your S&P methodology, which has been impressive, does the almost the opposite, identifying a short term trend and initiating a position trade in the direction of the trend. Why not do the same with stocks, i.e. buy stocks that are going up? Based on your lucid fundamental analysis of PFE, why not buy a stock with this kind of potentially explosive growth, from just one drug, while it is, GOING UP? While I understand the concept of buying the dips in a strongly trending market, I question the strategy of waiting for a dip once a desired position is identified. The danger here is that since we are dealing with sex, PFE could hit 200 before 100. Wouldn't even a token position at these levels be prudent?
Allan |
