Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John F. Dowd who wrote (5873)	10/8/1998 11:20:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 9523

John, in this kind of volatile market with a strong downward bias, it's better to stick with big caps which have corrected. I've been selling most of my dogs (except for cyclical techs such as SEG and AMAT) and switched into big caps today (stocks like LU, DELL, ATI, CSCO, EMC, WCOM, GE or some of the big pharmas). I already have a big position in PFE so I haven't added more today, but at $86 + it sure would be a good buy: it's price is now still at pre-Viagra approval level. If the market really tanks, at least I am holding stocks with good fundamentals that are market leaders and have a better chance of going back up eventually. Looking forward to next week's earnings report... Anthony