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


To: Ralph Bergmann who wrote (1896)6/30/1998 12:03:00 PM
From: Jacques Tootight  Read Replies (2) | Respond to of 6439
 
So what hold this stock from moving up?

Uncertainty. It's not gone. The Street absolutely will not support MO above 40 until there is a settlement and the unknowns are quantified. The MM's don't care that $600mm has been shot down. They want to know for sure its $300-400mm and that BT will get some guarantee about future law suits. The individual investors can't push this through 40 on their own.

RC