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

To: zurdo who wrote (4649)	7/29/1998 4:40:00 PM
From: Anthony Wong	Respond to of 9523

Mkt Nervous, But A.G. Edwards Strategist Sees Opportunities July 29, 1998 10:50 AM NEW YORK (Dow Jones)--Nervousness among investors can be good for some stock buyers, as profit-taking brings down prices, according to equity strategist Tom Schlesinger of A.G. Edwards & Sons Inc. "So many people are complaining the market's overvalued, and stocks are too high, and 'How can I buy a stock that's so many times earnings?"' he told CNBC Wednesday. "Now's the opportunity to step up to the plate." Schlesinger expects the market to settle into a trading range that will allow long-term investors to buy some of the names they've wanted but had to pass on previously. The strategist is concerned about the breadth of losers in the market compared with the narrow number of advancers, but he sees opportunities in some bigger-name stocks. Schlesinger says he has a long-term commitment to financial issues like Citicorp (CCI), NationsBank Corp. (NB) and Banc One Corp. (ONE), and he likes retailer Wal-Mart Stores Inc. (WMT). His other picks include drug makers Schering-Plough Corp. (SGP) and Pfizer Inc. (PFE). -Ted Kemp; 201-938-5392

To: zurdo who wrote (4649)	7/29/1998 4:48:00 PM
From: Anthony Wong	Read Replies (2) \| Respond to of 9523

zurdo, the market is nervous, that's why. Just an excuse for some to take profits or to trade the stock. PFE down 2.24%, WLA is down another 4.5%, but LLY (laggard) is up. If you're in options, be very careful in this kind of market. I expect PFE to be trading sideways until late August.

To: zurdo who wrote (4649)	7/29/1998 4:56:00 PM
From: B.REVERE	Read Replies (1) \| Respond to of 9523

Zurdo, I have not seen the latest script numbers for w/e 7/17 but maybe there was another drop from the previous week. If that's not it, the inside selling that got posted on YHOO today at 2:30 showed that a total of nine sellers for around 200,000 shares planned to sell at a price of 120. Since we haven't seen that level since they filed their 144's, they obviously think the stock will move up from here. The street may be focusing on the # of 144's filed rather than the price at which they planned to sell. The volumn, like yesterday's slide, was about 800000 below average. Support is at 107, so if you haven't sold yet, and you are not a longterm shareholder, I would set a stop loss at 106 1/2. If you are longterm and have cash to invest, this is another buying opportunity. Good trading, BR PS Just checked bloomberg news on pfe and the latest suit story involving the blue tinged driver hit their wires at 100pm ET. I believe that this was the reason for the drop and am now convinced that this is a good buying oppt. and will be doing so at the open tomorrow morning.