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


To: Zebra 365 who wrote (3602)6/20/1998 9:55:00 AM
From: BigKNY3  Read Replies (2) | Respond to of 9523
 
Zebra <<Now that PFE will regularly swing 3-5% a day it trades more like an internet stock than Big Pharma. >>

Z: There are many ways of making and losing money in the stock market including shorting a stock that has increased for 16 consecutive quarters and 49.5% YTD. In fact, in 1998 PFE has declined an average of 10.7% off its 5 peaks and increased 21.7% from its 5 valleys.

I am basically a long-term investor (my first PFE share was purchased in 1973!) and do not usually trade stocks. To date, I still have never shorted a stock...I just avoid companies with poor management, limited product lines and poor earnings outlooks.

Good luck with your investments!

BigKNY3