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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: md1derful who wrote (6323)3/23/2002 8:25:46 PM
From: md1derful   of 6439
 
Well, I was sorta surprised that she rallied after the news that the gov't was going to continue to pursue litigation..however I KNEW we'd have big trouble in Oregon....sooo, I closed my long position in the Jan '03 calls for breakeven during the rally yesterday and am holding the puts for now...I was flabbergasted that Lehman slapped a buy rating on her yesterday or two days ago...with the verdict looming, WHAT WERE THEY THINKING?? Perhaps this was a ploy to get their people out before the verdict and it worked...I'll buy her back in the 40's....see ya
doc
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