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To: Michael Rich who wrote (23623)5/19/1999 3:07:00 PM
From: Judy  Respond to of 44573
 
Michael,

One should no longer make blanket sector rotation statements as in 3000 DOW points ago. Notice BMY making new highs and AHP recent new highs while the rest of the sector languishes. I'd examine the pipeline and when current drug patents expire to define whether or not and when one should take a position in the big pharma stocks.



To: Michael Rich who wrote (23623)5/21/1999 3:20:00 PM
From: Judy  Read Replies (1) | Respond to of 44573
 
PFE being bought down to 110ish for expiry. At key support while the market is making a local top. If this support level holds, this is proper entry to scale into an investment position.