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

To: WS_DE who wrote (4647)7/29/1998 3:48:00 PM
From: Stephen  Respond to of 9523
 
WS DE, I know the Dow doesn't look so bad, but for the last few days, even when the Dow was up last friday, i'm seeing major declines. PFE, has done comparatively well. I guess I'm looking at the wrong 40 stocks !!.

Good luck all

Stephen



To: WS_DE who wrote (4647)7/30/1998 1:09:00 AM
From: HiSpeed  Respond to of 9523
 
Both PFE and SGP are at/near their 50 day SMAs which, historically speaking, have been good times to buy. However, I won't try to call a bottom. Market internals have been horrible recently (check the new high/new low list!) which is bearish. At the same time from a ST perspective I think the market is a bit oversold. It seems to work best if you wait for the stock to start ticking up before jumping in....JMHO FWIW......


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