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: American Spirit who wrote (7590)	5/4/1999 10:21:00 PM
From: Stephen	Respond to of 9523

American Spirit .... expect a rally ... because ???? . Market looks tired and techs unlikely to bounce much given the time of year. The bigger players have been lightening their positions in techs for over two weeks based upon my daily monitoring..... though there has been some institutional buying of the pharms..... certainly PFE. Course, that may well be becuase they have to keep a percentage invested and the pharms are a more defensive play. Perhaps the market indices will come down to meet the blue chip techs & pharms rather than the other way around ...... at the end of the day the market makers will decide and they are well setup to let it fall now they have re-weighted their positions, established puts, and Goldman Sachs has IPO'd. JMHO ....... but if the momentum goes to the downside it could get ugly.......