A diary of the thought process behind my investment decisions
Well, we didnt hit the 1190 area I was hoping for , yet. I believe the rally continues,(not straight up) until at least 1190 by mid June.good luck
why do you think pfe isnt moving?
None of healthcare is moving. Healthcare usually does well during corrections. The fact that European countries told drug companies they are paying them less as part of the austerity measures really killed the whole healthcare space and so they did not perform well during this correction. Healthcare usually underperforms on rallies but maybe they will catch a bid because they were clobbered so badly. It is very difficult to own these companies when governments can walk up to them any day and say we are paying you less. But there is a price where they are cheap. They are probably cheap here but given the dynamic above that is just a guess.
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