Lyle. Remember this:
To: +Kevin (5855 )
From: +Lyle Abramowitz
Mar 7 1997 12:42PM EST
Reply #5856 of 6227
Kevin,
I'm long MO leaps and quite interested as to why you see it testing 115. MF? It has been behaving poorly in the last few sessions--although BB and RSI seem to indicate that it's still in an uptrend.
Fundamentals are positive IMO, strong earnings 3 for 1 split payable soon, multi-billion dollar stock repurchase announced, and of course the big wild card: the possibility of a government deal isulating tobacco companies from further liability suits.
The latter could send the shares over 180, IMO.
MO shares are quite capable of big swings--although 20 points in MO is a pretty big move in INDU!
Nonetheless, I've been thinking about taking some of that in-the-money money off the table and rolling into 99s or 00s (that blasted millenium problem a gain). I could certainly use a big dip to my advantage in that trade, if you get my drift.
Also, if you can, please post an update on INTC's MF.
Regards,
Lyle
You were right. Dropping to $115 would be a big move for MO, and the DOW, but it almost happened ($116 1/8 this morning).
I know, I know. Some wise guy (not you) is going to comment that all of the recent news sent MO lower. But for that certain wise guy, I have to ask: did you ever consider the 'smart money' assumed the possibility that the stock would drop soon based on the current lawsuit, so they decided to enjoy their recent profits and take them off the table? That's what the large negative money flow indicated.
Sorry. I try not to pat myself on the back (Judy no comments please), but this one was too hard for me to pass up.
See ya! |
