Philip Morris - A Stock For Wealth Or Poverty (MO) Message Board

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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)

MO 58.67

+0.6%

3:03 PM EST

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To: md1derful who wrote (4972)	11/1/1999 5:56:00 PM
From: James R. Barrett	Read Replies (1) of 6439

MO is no longer an "investor grade" stock. By the looks of todays price action the short term traders are playing with it.........buy at 23, sell at 25 1/2, buy at 24, sell at 26. Todays decline, for no valid reason, shows the stock has no support level. I would guess the price will hit the mid to high teens when the jury decides the amount of punitive damages. That will be a good time to buy and then sell at 25. You can make a lot of money off this stock if you are willing to trade it on a short term basis. For long term investors this stock is "dead money" for at least two years.

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