Predicting market correction in first quarter of this year, We got over the January 1 fiscal cliff and are now staring into the face of hitting the debt ceiling in two more months. Take your profits and run to the exits.
When you osted that PFE wouldn't hit $30 on Jan. 8, the stock closed at $26.02. Now less than two months later it is at $27.60 or 40% of the way to $30 from where it was back then.
I would remind you of the nearly-infallible 23.7% minimum annual closing range that has worked WITHOUT EXCEPTION for at leat least the last 31 years. It's pretty hard to go against something that has worked 31 times in the last 31 years but that's what we have here. If $25.85 continues as the 2013 closing low, we should see $32 before the year is out. And even if the closing low for the year is barely over $24, the odds would very heavily favor seeing at least one $30 close.
You have been con sistently wrong about how high PFE will go and you are almost certainly wrong yet again now. Nostradamus you are not.