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

To: LWolf who wrote (1372)	4/22/1998 2:55:00 PM
From: Ms. X	Read Replies (1) \| Respond to of 9523

Hi Laura, Sorry about that. What the chart shows is how much demand has been in control of the stock. The O's represent pullbacks which are normal and necessary to back fill the price. Notice after pullbacks PFE reverses back up(X's) and exceeds previous tops. These are buy signals. I would expect PFE to pullback at this point and then reverse back up again. Pullbacks are good opportunities to purchase the stock or add to an existing position. Pullback will be at 114 which it may reach today. The relative strength shows how much it has been out performing the market (S&P). In fact, the relative strength hasn't reversed. Very strong. Final analysis: If PFE pulls back from profit taking or market swings, it is a good opportunity to buy more. I wouldn't worry about the stock dropping in price. I don't know if you follow Tom Dorsey but he said last month on CNBC PFE would hit 120. Again on CNBC this Monday he said it could hit 144. He recommended PFE at 75 or so. Stock is a keeper. Take care, Jan