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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (1456)	4/24/1998 2:00:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 6439

" What is holding MO back?" It's called a Bear Market in MO's stock due to UNCERTAINTY and Government hostility, antagonism and greed! Clinton is on the War Path against the tobacco industry. MO is a stock with continuous problems of seemingly endless litigations. Who wants to own a stock that just made 1.5 Billion last Quarter! Management was even willing to pay a ransom to the Gov't to eliminate the Uncertainty! I've been investing and trading for 16 years. I've seen this happen before. Pfeizer beat the street estimates by a nickel in 93 and it fell another 10% in a week! It was the punching bag of the investment community like MO is now! There is plenty of disappointment and despair to go around here. Long term investors in MO felt betrayed by last June's settlement. Fear is rampant here. Only the most astute investors will buy at these fire sale prices. We are in the midst right now in the culmination of MO's last stage of its Bear Market. I can't predict the bottom, but I do see a share price in the 60's by the end of 98. There is rarely a day that goes by anymore that I don't buy more MO. Everyone thought I was nuts and insane for loading up on PFE in 93, including my family, as Clinton went on the offensive. Call me nuts again, for I can't stop buying MO!