It's so obvious that Pfizer will make it to my $31 goal within 14 months that I'm going to declare victory ahead of time - declare myself a huge winner, a master options strategist, genius, etc. Any of you readers here that don't like to procrastinate, feel free to congratulate me now and to eat, drink and make merry.
I congratulate you on being a total, complete, utter, thorough-going pompous ass without a single redeeming quality, & consequently the biggest loser in all cyberspace.
Do you enjoy making a fool of yourself every day in public?
chrt13's Checklist of Pfizer stock price goals posted 10-Jan-08 02:15 am
1) Hold above holiday-season lows.
2) Break above the latest two-to-three-week trading range.
3) Vault the 50-day simple moving average line.
4) Move above the seven-month intermediate-term downtrend line that currently comes in at $24.28 and is declining at the rate of just over two cents per session. This goal is only 36 cents away and could be attained as early as tomorrow.
5) Move above the Dec. 7 closing high of $24.40 and then above the Oct. 31 close of $24.61 from whence the stock plunged to its 16-month closing low of $22.30 on Nov. 26 in the wake of renewed credit-crunch fears.
6) Move above $25.58, the last major interim high seen on Oct. 5.
7) Finally breach the incredible 7.5-year long-term downtrend line connecting intraday highs of $49.25 on 7/12/00 with $38.89 on 2/6/04. The line came in at $27.56 at year-end 2007 and is coming donw at the rate of 24.4 cents per month. By midyear, the line will be down to $26.11 and by the end of 2008, it will be down to $24.66.
8) Make a new 52-week high for the first time since early February of 2004. Any price over $27.73 will accomplish the feat. It can also be accomplished by the stock reaching $25.72 or more after July 17 unless there has been a prior rally which was halted between $25.72 and $27.73. In that case, a later move above the high point would put Pfizer on the 52-week high list.
9) Breach $29 on a closing basis and $29.21 on an intraday basis. Those prices have kept Pfizer's stock in check for over three years.
10) The cherry on the sundae will be Pfizer having a print at the Baskin-Robbins price. $31 should be seen no later than 1/31/09.
I can't do anything but lose in a market that is this bad. However, on three separate occasions between September 2006 and June 2007 I had earned over 80% on my holdings even though the stock was only at get-in levels.
So when he gave numbers with the caveat of:
<<"although still overly optimistic,">>
that should be ignored as if never written?
You don't just change the meanings of words any more. You now omit part of a post to comport with your specious points. You indeed reside on another planet.
Wouldn't it be the height of hypocrisy for me to say that I was wrong, that I should have diversified, reduced leverage, etc. and then kept on doing exactly what I'm doing now?
By my very actions, does it seem as if I've made any mistakes other than having the terrible bad luck to be employing this strategy during the worst credit-crunch market since the Great Depression?
I very much believe that PFE is drastically undervalued here and I very much believe in methods that indeed would be superior in anything resembling a reasonable market.
I'll let others say "well I was only human, I shouldn't have invested so much, I should have diversified," etc. However, don't ask me to say something that I don't mean. The fact that I'm even more involved in PFE now than I ever was prior to June 3 tells you something. Don't expect me to make hypocritical statements.