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 58.07

-0.5%

Dec 19 9:30 AM EST

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To: Jim Oravetz who wrote (6320)	3/7/2002 7:40:26 PM
From: md1derful	Read Replies (1) of 6439

Jeez, where is everybody...we hit a new 52 week high today and nothing!! Very interesting long term chart pattern coming to completion these days...I believe the all time high occurred late in 1998, near 60...if you look at the charts from the mid 1990's to now, it appears that we are completing a reverse head and shoulders pattern...very bullish, with the big swoon occurring just after the all time high..pretty much due to the govt's lawsuit and the Engle stuff...with the street discounting much of the impact of this...she clearly is heading higher...I think,however the main impetus for higher moves will be the declining dollar against the yen and hopefully against the Euro...very exciting times for us longs...may even try a bullish option play over the next few days as we try to break out..good luck doc

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