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 58.99

+0.5%

12:59 PM EST

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To: Ralph Bergmann who wrote (1316)	4/8/1998 1:00:00 AM
From: Rarebird	Read Replies (2) of 6439

" Why is MO losing ground today "? Tremendous Fear! The tobacco industry is presumably the legalized drug lords of the U.S. economy! Some members of Congress want an even tougher deal! How far does Congress and the President want to go here? Do they want to put them out of business? I bought more MO today at $37.75. It's insanity. I don't see how technical or fundamental analysis can help much here, as the selling is inspired by the fear of the U.S. Government's tactics to destroy the tobacco industry! To be sure, MO is alot more than tobacco, but at the moment the selling doesn't care. Again, this is a carbon copy of what I went through with Pfeizer in 93. Constant selling in the face of great fundamentals. I know the pain and suffering your all going through. But I also know from experience that you have to BUY MO here and load up big time as it declines further; for you will be justly rewarded when the insanity eventually ends. I don't know where support for MO's stock is. My guess? Mid 30's, but fear has no bounds. If you can handle the pain, you can make a fortune here.

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