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Pfizer Inc. Message Board

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  • detractor_04 detractor_04 Feb 1, 2013 12:44 PM Flag

    I just sold short 5,000 shares of Pfizer

    With Pfizer up to 27.73, is the RSI still in STONEWALL NOSEBLEED territory?

    How come you are out of PFE? Whatever happened to that seven-figure cashout?

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    • At yesterday's close, the RSI was at a lofty 71.8 with the intraday high being 73.5. I'm still looking for a good-sized decline where I will profit nicely on the short position that I put on at $27.62.

      I am only temporarily out of 70% of my Pfizer holdings. The stock outperformed my expectations on the upside and any rolling at the time of the dividend would have been very substandard. Better to get out for a week or two and then get back in at lower prices. I'm still planning on a final cashout of no less than a million.

      By the way, is this a new handle for you? I don't remember you ever calling yourself detractor-04 before.

      Sentiment: Hold

 
PFE
28.28+0.35(+1.25%)Oct 21 4:00 PMEDT

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