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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (657)	3/22/1998 3:08:00 PM
From: Jacques Tootight	Read Replies (2) \| Respond to of 9523

Jerry, Glad you took my jibe with the well intentioned fun it was meant. I will certainly second the advice you gave to A.M. Don't be too quick to sell those Apr options. This stock could run right up to a split announcement at the DOD meeting. I bought some APR 90's last week and already have a nice double working. I would suggest placing stops a little behind the market price that way if there is bad news you won't loose all your profit. Be sure to give some wiggle room though because as we all know nothing moves exactly in a straight line up. Jerry, you sound like you've been at this for a while. I am a relative neophyte at the options game. Got into it because I didn't have the discipline to leave my buy and hold stocks alone. It's like watching paint dry. Allocated 10% of my capital to options. Have made a dozen trades since the first of the year. Only one looser and a bunch of "coulda made more if I woulda" stuff. Sure is fun though. I've been trading on split announcements and that seems to work out fine. Trading on news though, wow, I'll need some Viagra for that. I'll reinforce what you said earlier though, you can't SELL on THIS, news, in THIS company, in THIS sector, in THIS market. Best to all - rc