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To: stock bull who wrote (49616)	7/2/1998 12:04:00 PM
From: Chuzzlewit	Read Replies (3) \| Respond to of 176387

The point I was trying to make (I guess it was too subtle) is that what you said is trivial, because it is true of each and every stock, each and every day. You could post the same message for MO and T. You did notice AT&T's sensitivity to dilution of earnings implied by the merger with TCI didn't you?. Or the fact that the tremendous volume of pending litigation has resulted in MO having a very low P/E compared to the S&P500? The mantra of hypersensitivity to disappointment is one of the bears' favorite ploys because it sounds as if there is profundity in the observation, when in reality it is a tautology. TTFN, CTC