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This One Is Too Nervous To Watch. Pfizer

This is a short blog full of twists. Try to get through it. First a five day chart of Pfizer. chart. In the past week it was up $1.05 and it was the 7th most activity traded stock on the NYSE most active list. It's in a breakout mode. Look at how it traded over the last three years. This breakout mode might last a few days, weeks or months. This stock has a history of moving somewhat slower than most stocks. A second quarter earnings report comes out July 30th. If it's good that could add a touch to the stock's price. Now this. As a general rule stocks and options on stocks in this particular price range are difficult to play and in this case everyone is following the same story. Fred down the street and John around the corner and Mark across town are all dialed into the same commentary. There is nothing that really gives you an edge when it comes to playing it. That's the problem. Here now is a look at the Pfizer "next-week-out" $30.00 series of Call optio
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Mullens Again - Dangerous Unknows

I am coming off a $100.00 gain on Mullins an electric vehicle company I recently talked about. It's a hot potato. Some might say $100.00 is just a piddle. Here me out.
Here is the trade I did, this time in stock, not options. "In and Out" in one day and out at 6:01 a.m. Why was I up so early? I was in a tent in the dark during a rainstorm camping on the other side of the world when everyone in that campsite was sleeping. I caught a small bounce. Getting out in the premarkets got me out near the top of the day, higher than what the stock traded for on the 9:30 a.m. opening bounce. One of the things I noticed about playing this stock is that they show you premarket bids and asks. That can be a bonus. Premarket trading can sometimes be your best friend. My sell ticket was "at market" and on the purchase I specified the purchase price. "At market" is not scary with stocks trading this kind of volume.
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........................................................................................................................................................ Here is where we are at a week later.
This little bounce was a repeat performance of what happened one week before. It's one to think about. Maybe. * Mullens again.
Now look at the number of shares outstanding. It's a bit of a train wreck but it is kind of an interesting story.
With so many shares outstanding and with a need for constant amounts of new money this one is a dangerous hold. ** More mid February bad news. Inside selling and raising more money. Two things you don't want to see.
This continuous to be a stock to watch.

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