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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Bald Man from Mars who wrote (1426)	12/9/1998 12:58:00 PM
From: Poet	Read Replies (2) \| Respond to of 56535

Hi Bald One: Yup, having a good day. Position trading is a bit less stressful, for sure. Speaking of position trades, here's one: WLA: This is Warner-Lambert, a large pharmaceutical company. It's one of the fastest growing "pharmas" in the US, with a pipeline full of good drugs to be released in the next few years. It announced a 24% growth rate this morning and has been upgraded to a buy by DLJ. DLJ put an expected price of 90 on it. It opened at 77 5/8 this morning, rose to 78 3/16, now trading at about 77 3/4. I'm putting in a buy order at 77 1/2 for 200 shares for my long term portfolio. Pharmaceutical stock prices are high, but the big pharmas are good solid, rather conservative plays. WLA, and all other stocks that have three-letter names, is on the New York Stock Exchange, which moves more slowly than the Nasdaq, so you won't see as much volatility.