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

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

PFE 25.20

+0.6%

Dec 19 3:59 PM EST

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To: Sonki who wrote (2851)	5/24/1998 6:21:00 PM
From: Jerry Olson	Read Replies (1) of 9523

Hello Sonki & All Happy Holiday to you and yours...it is a fabulous weekend here in Philly... anyway here's my take on PFE... The sector "Drugs" has turned negative, to a Bull Correction phase... PFE has just given it's second sell signal, it made a double bottom on 5/22, and 3 lower tops...IMO it has just rolled over and down... It has great support at a lot of levels, 100-96-88 etc... But under current conditions, and until the FDA & PFE make a difinative announcement i'll stand aside... I have 3 winning trades in PFE and 1 losing trade...i should have known better than to buck my P&F charting...it was dumb of me... I don't care what the Company is and what the hoopla is all about...But quite frankly there was SO MUCH positive news and coverage of PFE that we are bound to get some negative news as well.. I would be careful about the weekly announcements of prescriptions as well...if one week they lag the market, bingo, down we go... It's my contention, NOTHING just keeps going UP!!! Not DELL-MSFT-PFE etc...the markets look good to me right here.. I see a nice surprise rally to 9500 quickly, say by mid to late June...but watch out for early earnings warnings and blindsides.. Anyway let's wait and watch what transpires as this story unfolds... I am a buyer of PFE at lower levels, just when and where I haven't decided yet...as of this date I am ALL in cash... My Regards to all....Jerry

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