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 58.60

+0.9%

3:59 PM EST

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To: Ian Davidson who wrote (6141)	3/10/2001 2:46:01 PM
From: md1derful	Read Replies (1) of 6439

Ian...I can't remember a time in the recent past that MO was ever overvalued!!!! I think she ran up to a pe of around 15 at her last all time high in 1997-8, I believe....as for near term...I'd love a close on Fri around 50 as I'm short lots of calls there...incidently, there is a lot of option related resistance at the 50 strike price and a fair amount of resistance at 55..if she blows through these strike prices by Fri, I will, indeed, be very impressed... I can stick my neck out and say that that is very unlikely, imho...this market is terribly oversold and with fed meeting and interest rate drop coming up, I think the market's attitude will improve this week...thus more money into techs at expense of defensive issues.....see ya doc

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