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


To: Tony D. who wrote (2211)8/30/1998 11:16:00 PM
From: Rarebird  Read Replies (1) | Respond to of 6439
 
Tony, RN went up about 1.5 points in after hours trading on Thursday. It gave some of that back on Friday. This is my view of RN:
talk.techstocks.com

I would further add that the Bull Market is over for now and that at best we will be entering a stock pickers market. To buy a stock because it is entering the S&P 500 for a profitable day trade represents the kind of speculative foam and froth that the present Bear Market ( in its early stages ) is cutting hard into. The only stocks to buy in this environment are those that you should be prepared to hold for Years! The Risk to the downside is just to Great! Be careful. I am primarily a short seller who is extremely Bearish on the U.S. stock market, but bullish on MO. MO is the needle in the hay stack here. Cash is King in this environment unless your comfortable with and know how to sell short.