Option Trading Articles: Re: [ConservativeOptionStrategies] Re: pfe

ROB - interesting chart for PFE http://screencast.com/t/ZmFlNTM1

yes, it's approaching the 50 dma, where it has bounced profitably in the past, but the last bounce (12/8/09) off the 50 was smaller than the previous two, and it looks like perhaps a lower high?

however this is tempered with the decreased volume on the pullback to the 50. A mixed bag! Best wishes & thanks for sharing. ~greg

ps. here's the p-n-f chart. different view, huh? http://screencast.com/t/NzI2N2I5

On Sun, Jan 3, 2010 at 9:15 PM, RobertH <robhansen5252@hotmail.com> wrote:

From my perspective, PFE is at the bottom of a trend channel which began in mid-July, bounced off of it in mid-Oct, again in mid-Nov and mid-Dec. It has also held just above it's 50-day moving average, currently at 17.97. Looks like it's going to bounce pretty nicely from its current level. On the P&F chart, PFE is working off of a double top breakout on May 13th. Gotta be bullish on this one.

For what it's worth,
RFH

--- In ConservativeOptionStrategies@yahoogroups.com, Vandollar <mercdesdrvr@...> wrote:
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> PFE broke the $18.20 barrier even with div increase.Â wonder how far if it will drop
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> --- On Thu, 12/31/09, Randy Harmelink <rharmelink@...> wrote:
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> From: Randy Harmelink <rharmelink@...>

> Subject: Re: [ConservativeOptionStrategies] pfe
> To: ConservativeOptionStrategies@yahoogroups.com
> Date: Thursday, December 31, 2009, 11:26 AM
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> Â
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> Still significantly lower than it was a year ago, when they cut it in half.Â I'm not sure many will forget that bonehead move.
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> On Thu, Dec 31, 2009 at 6:28 AM, Vandollar <mercdesdrvr@ yahoo.com> wrote:
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> See they raised their div, should help the price stablize
>