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

To: Rarebird who wrote (2075)	8/14/1998 3:04:00 PM
From: don kramer	Read Replies (2) \| Respond to of 6439

Geoff,Rarebird, thread, a little historical anecdote to explain today. At the time of Napolean running over all opposition, Lord Wellington, amassed a secret plan. To fool and in effect ambush Napolean. Wellington's scheme,as we all know, worked.... Napolean was completely defeated at Waterloo. Except...it took several days for the news to travel to England for confirmation. British Bonds then known as consuls becan to sell off... implying a defeat of Welllington. Panic, anquish, depression by investors in England. The cry what what what news...what was the news...???? While all this confusion reigned, a young banker, began buying consules, little by little, all day, all night, every consule he could lay his hands on. You see he had some insight and of course had previously set up a plan and strategy for acquiring and interpreting the news. He had the tactics, the strategy, and the guts to act out his plan ( with much of his family's money). When the news finally, arrived, and it was victory for Wellington, of course the price of consules catapulted into the sky. By the way, consules are still traded to day. so,,, the lesson... the fact that a whole bunch of "investors" do not understand or know how to interpret the news correctly, should not come as a surprise. The course for MO is correct. dk . . . . . . . oh,... I all most forgot... the name of that young banker.... . . . Baron Guy De Rothschild, of Rothschild Bank London, Ltd. !