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

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

PFE 25.44

+1.5%

Nov 18 3:59 PM EST

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To: Sonki who wrote (5796)	10/5/1998 8:32:00 PM
From: B.REVERE	Read Replies (1) of 9523

Sonki, Pfe is getting hurt because the world economies are in trouble. Even if pfe makes their quarter,(which I think they will), the stock will get caught in the general market purge. When margin calls get made, people have to raise cash and unfortunately pfe is one of about 15 stocks that have not gotten killed this year. There is nothing wrong with the stock. When the selling is over, every great large cap stock will have gone down 20-30% through no fault of its' business plan or their earnings ratios. At that point, pfe will start a slow sustained rally. Look for the pain to be over in 2-4 weeks, but possibly sooner if the market cracks 7000 this week. Later, Br (still long pfe)

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