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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 25.24-0.8%10:35 AM EST

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To: zurdo who wrote (4649)7/29/1998 4:56:00 PM
From: B.REVERE  Read Replies (1) of 9523
 
Zurdo, I have not seen the latest script numbers for w/e 7/17
but maybe there was another drop from the previous week. If that's
not it, the inside selling that got posted on YHOO today at 2:30
showed that a total of nine sellers for around 200,000 shares
planned to sell at a price of 120. Since we haven't seen that level
since they filed their 144's, they obviously think the stock will
move up from here. The street may be focusing on the # of 144's filed
rather than the price at which they planned to sell.

The volumn, like yesterday's slide, was about 800000 below average.
Support is at 107, so if you haven't sold yet, and you are not a longterm shareholder, I would set a stop loss at 106 1/2. If you are longterm and have cash to invest, this is another buying opportunity.

Good trading,

BR

PS Just checked bloomberg news on pfe and the latest suit story
involving the blue tinged driver hit their wires at 100pm ET.
I believe that this was the reason for the drop and am now convinced
that this is a good buying oppt. and will be doing so at the open tomorrow morning.
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