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


To: Benchman who wrote (1639)5/20/1998 8:51:00 AM
From: Rarebird  Read Replies (1) | Respond to of 6439
 
Robert, MO is oversold short term. It is due for a bounce. I would expect $37 to provide short term technical resistance. However, the Senate, will probably provide the impetus for the next major move in the share price. Short term fluctuations don't concern me here. I wouldn't even consider selling some MO until it reached at least $60-64. Even then, I would still hold some, as a core holding in my portfolio. The way to win here is to hold on and buy on weakness. You can lose a fortune if you try to trade this stock short term.