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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (40667)	4/21/1998 8:58:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

The traders I know that have a great gain in any stock they have have been taking a third off the table and holding the balance. Do you now own PFE? If so, perhaps it's not a bad plan. On the other hand, my wife's grandfather bought a TON of AHP in the '60s. He died. I, on the other hand, was left with a fair amount of this unbelievable stock that defies gravity so who is to say? Every time I sell off part of the thing it comes back and spits in my eye. Another example is G. My ex-CBOE friend owns it from where his grandfather (he died) bought it in 1972. Ever look at a Gillette chart? These types of stocks just keep rocking and rolling against the forces of e-Ville. They are not tech stocks, they are not fad stocks, they are bread and butter "YOU HAVE TO USE OUR PRODUCT" stocks so .... my guess is that, if you have to own anything why not PFE? Of course, a competitor has a similar product in the works but PFE has the product on the market. Even in a downturn it's a flight to quality stock. I don't own it, but it certainly could not be a high risk position, in my opinion.