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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (16512)	10/8/1998 4:40:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 120523

Hey Anthony how are ya guy???? I think PFE will miss the number...JMO though...I've been very bearish with the stock for weeks now....called early too.....<g>..

To: Anthony Wong who wrote (16512)	10/8/1998 4:54:00 PM
From: Judy	Read Replies (2) \| Respond to of 120523

Anthony, 85-86 is a good trading entry for PFE, robust support established in Mar '98. But I am reading the stock's movement as being motivated by options clearing for strikes 85 and 90, so the trading range could well be 82 1/2 to 92 1/2 for this event. Do you recall what fundamental news caused the stock to breakout in Mar '98? There is a strong correlation between the strength of a support and the fundamentals that lead to the next leg up. Until I see the market bottom and PFE stay firm, I'd not take an investment position in PFE. Trading is a whole different strategy.