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

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

PFE 25.08

-2.7%

Nov 14 9:30 AM EST

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To: Mkilloran who wrote (7614)	5/6/1999 8:14:00 AM
From: BigKNY3	Read Replies (1) of 9523

James Cramer from TheStreet.com on PFE 5/6/99 BigKNY3 Pfizer (PFE:NYSE), on the other hand, traded lower from the get-go. I know I even pondered buying puts on the once-powerful stock if the bonds failed to hold. But I knew that if the bonds advanced I would take a beating, so I later dismissed the idea. Good thinking -- it would have been a major loss. All of the big shifts in these two important stocks were "told" by the bonds ahead of time. Some of the switches yesterday were exacerbated by research calls. Pfizer, for instance, benefited from a late-day call from NationsBanc Montgomery saying that maybe the drugs are not as bad as we thought. Montgomery has credibility on the issue -- it was negative when others were positive -- so its boost bolstered the case for Pfizer.

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