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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 (1636)	5/19/1998 7:00:00 PM
From: dper	Read Replies (1) \| Respond to of 6439

I'm cynical enough to believe that between Senate, House, Executive and Judicial branches, with electioneering looming every two years, that chances of agreement on a bill are slim. And it seems to me that interminable FUD is not in investor's best interest. dper

To: Thomas Haegin who wrote (1636)	5/20/1998 8:31:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 6439

Thomas, your question is NOT stupid. The Senate bill will provide a blueprint or first step in the process. The House, which is more domestically oriented than the Senate, will represent the second step in the process. Any bill must pass the Senate and House to become law. I'm assuming Dumbo Clinton will sign onto just about anything here. The House leadership has been giving signals lately that they want a more scaled back version of the Senate bill. The House will draft its own bill and then meet with the Senate to iron out a compromise. For the whole process to be completed, it could take another 4-12 months. Midterm Congressional elections in November could complicate the issue. The bottom line here is this: if we sit tight and add to positions on weakness, we eventually come out like bandits when the whole process is complete. The intense pressure on the share price is due to the UNCERTAINTY. However, the Bark will most likely be a lot worse than the Bite.