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

To: Going Short who wrote (7791)6/3/1999 6:24:00 PM
From: Stuart Carmichael  Respond to of 9523
 
I have held Pfe through 3 splits and what you are saying is quite true. Now that you have figured the pattern on pfe it will change. My money is betting on the funds that dumped the stock coming back in after the split to buy, maybe about 12 days.



To: Going Short who wrote (7791)6/3/1999 10:30:00 PM
From: pkwknk  Respond to of 9523
 
Those run ups were liquidity driven. the market is compressing multiples due to the perception of higher interest rates right or wrong the way it expanded multiples to historically ridiculously lofty levels.


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