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

To: B.REVERE who wrote (4447)7/18/1998 5:19:00 PM
From: puborectalis  Read Replies (2) | Respond to of 9523
 
PFE had a double top at $120..so we know it will meet resistance in this region and it did.However I expect it to take out the old high very soon and head towards $130-140 before announcing a 2for1 split.



To: B.REVERE who wrote (4447)7/19/1998 6:38:00 PM
From: HoodBuilder  Read Replies (2) | Respond to of 9523
 
B. Revere,

Although most of your post is correct, you should be aware that the NYSE does not have Market Makers like the NASDAQ. The NYSE has a Specialist for the stock who in this case is stationed at the Pfizer Post on the exchange floor.



To: B.REVERE who wrote (4447)7/19/1998 11:48:00 PM
From: HiSpeed  Respond to of 9523
 
Thanx for the input, I appreciate it. Between your post and the peabody one I get the impression we're expecting PFE to ramp about 10 points over the next 5-7 trading days? I am not sure whether to go long now or wait for breakout (Above 121 on high vol). But historically speaking most stocks have a nice run before a split which PFE may be due for.


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