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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO)
MO 58.200.0%Nov 21 9:30 AM EST

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To: Ralph Bergmann who wrote (1437)4/22/1998 7:50:00 AM
From: Rarebird  Read Replies (2) of 6439
 
MO is in the throes of its own Bear Market, due to tremendous uncertainty. But as Charles Akre says ( Manager, FBR Small Cap Growth/ Value ) : " Uncertainty is the friend of the long term investor. You sell when the market is manic and buy when it is depressed". In my view, we are at the tail end or peak of the bear here. Be patient and suffer with dignity. There is great rewards at these levels. Talk of Poverty is rooted in excessive FEAR! MO will survive and thrive even with an excise tax. The big money I have made in the stock market has entailed great suffering first. The only advice I can give here is DON'T SELL and BUY MORE under $40! Believe it or not, MO will see rainbows again. Don't be deterred by the nay-sayers! Be good.
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