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: Brian P. who wrote (6006)	10/14/1998 1:31:00 PM
From: Stephen	Respond to of 9523

Brian, it depends on a number of things. The general market (obviously), and whether this is a trading rally or not. It may well be that the shorts got in too early and are scrambling to cover, but when it all settles down, I would personally expect the price to fall. Its all in the eye of the beholder, but imho the stock is over-valued at this price I guess the argument is that the pharms won't be affected by the economic slowdown and stock market decline. But if the market goes down, I doubt any class of stocks will be uneffected. On the other hand, if things pick up, then there may well be a shift to cheaper stocks. Who knows .... based upon todays action, certainly not me !! Good luck with your investment Stephen