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Biotech / Medical : PFE (Pfizer) How high will it go?
PFE 24.87-2.3%3:17 PM EST
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To: BigKNY3 who wrote (5913)10/12/1998 5:38:00 PM
From: Judy  Read Replies (1) of 9523
 
Most informative, BigKNY3. Thanks.

That PFE's price movement is determined 50 percent by the Big Pharma environment and 20 percent by overall market direction is important. The peak and valley data substantiates this further, since the percentage increase during peaks has been significantly greater than the percentage decrease during vallies ... during the bull market of this decade.

For now, my sense is that Big Pharma is in a corrective phase, and the intermediate-term trend of the market is down.
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