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To: Crimson Ghost who wrote (111648)	7/8/2001 2:35:07 PM
From: 10K a day	Respond to of 436258

. Those who think old economy stocks will continue to hold are about to get a rude awakening IMHO. TOTALLY AGREE.

To: Crimson Ghost who wrote (111648)	7/8/2001 6:19:35 PM
From: jrinvestor	Respond to of 436258

George, I agree with you on all points. Old economy stocks, I sold all my Philip Morris stock At $46.00 on 4/6/01 because I believed then and still do that the DOW,NAZ, AND S&P will be moving to new lows. I was a little early on MO but that is ok I have been trading in the mean time. I think MO is a great company and I plan to be back in when it hits $30-$35 as all the great old line companies will do.This blood bath is going to be like nothing anyone alive today has ever seen.We are still a long way the final drag to the economy and that will be the total collapse of Real Estate Values. 125% mortgage loans will take there toll. JR