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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 (2159)5/6/1998 8:26:00 PM
From: AgAuUSA  Read Replies (2) | Respond to of 9523
 
<<This stock has way too much support to fall to 80>>

Did you look at the chart and the technicals?? Although I tend to agree with you, I think you simply must recognize the chart indicates the possibility however remote. Stochastics indicate a consolidation pattern that could carry into a correction. Meaning: the market may know something we don't know!!! Eg. Look at the chart on the day of the last correction (late Oct 97). Pfe went down to its 200d and held and subsequently moved up from that point.

Well, anyway, for what its worth be aware that there is a remote possibility of testing 80.