7.31.2006


That is the picture of PFE price action over last three years and being a DJIA mega market cap stock, the performance was not justifiable by the board in light of the moves in the DIA and SPX. Of course the new guy isn't doing much better as the stock is already red after being higher in the pre market.

Seems like Naz stocks are outperforming in the early going and I wonder if there is a trade to be had going long SMH and short DIA/SPY. If you like mean reversion trades, that may be a good ticket to write.

Note that the internals have flipped to flat as the dip has been bought and the financials seem to also want to lead as GS is +1%.

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