Pfizer/Wyeth To Close Tomorrow

Pfizer expects to close its deal to buy Wyeth tomorrow. The implication for the broader market is that there should be large buy orders at the close tomorrow as indexers will deploy their part of the $44 billion Pfizer is giving to Wyeth shareholders. Healthcare funds will likely receive a large part of the Wyeth money and are likely to deploy the money in other healthcare names.

4 comments:

Anonymous said...

YAHOO!!!!!!!!!!!!!!!

Anonymous said...

long EDZ at 5.80

Anonymous said...

Ok, next step.
I wrote the other day.

Although we are heading towards overbought, I believe after a small pullback we shoot to 10600 on dow. 1160 S&P. There's not much resistance moving higher.
Lower moves have quite a few support levels.

October 12, 2009 1:34 PM

Anonymous said...

I'm expecting around 1040 on this pullback. Hopefully. Now I'm long one stock that was beaten badly and short the mkt