[Opening Position in Pfizer (PFE)]
Dear Member:
From about last December to the present Pfizer (PFE) has been rolling between about $23.40 to a little over $27. It has just bounced up from the lower end of the roll and I like an entry with a limit of $24.55. If filled, I would immediately place a stop at $23.79. That would provide an initial and potential reward to risk ratio of approximately 3:1.
DISCLOSURE: At the time of publication, I have no position in PFE.
Sincerely,
Bill Kraft
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