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

To: JEB who wrote (4819)	8/9/1998 3:01:00 PM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 9523

JEB, I can't speak for Kodak, haven't followed it ( other than it appears Fujitsu has been eating their lunch, I think ). As far as PFE is concerned if i were a short ( which I am not ), probably the best place to short it now is somewhere around 107 -108. A safer short would be to wait until more of the recent bad news come out,( deaths;VA Hospital,Medicaid,Germany,Sweden?,Italy, Humana, Prudential etc not approving payment; lawsuits, etc, ). I think 96 - 100 is a psychological support. If it gets to 100, start shorting at 25% increments from 100 down to 96 ( sort of averaging your way down ). If this turns out to be one of the biggest drug-lawsuits mother-lode of the century, then a good place to start covering would be from 75 down to 60 in quarterly, 4 point increments. Again however it behooves you to remember that all this is only a midsummer's night dream as our good friend CYBERKEN in post # 4817 reminds us........ TA