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

To: BigKNY3 who wrote (6049)	10/14/1998 7:34:00 PM
From: T. Reilly	Respond to of 9523

BIGKNY3, i dont know if they are the best. Todays action in my opinion should be attributed to tremendous short covering. When the bad news expected comes out short covering follows. I am a long time shareholder and will continue hold but i think it is very naive of you to think todays action was anything but mass short covering. I love the company and its fundamentals but i think they could have better commununicated with analysts. I also think the stock may take a pounding if the market starts drifting lower. There have been alot of downgrades to offset reitterations. If the market is up tomorrow and Pfizer moves with it thats a good sign, if its up with pfizer down then we know it was short covering, if its down and pfizer is getting crushed then we definitely know it was short covering today. I certainly hope i am wrong as a long and it was not primarily short covering but that is what my gut is telling me. I dont think the best in the business should let a very faithful shareholder base suffer with something that could have been avoided, while at the same time they (mgmt) were selling en masse in July and August. i guess i differ in opinion on this with you.