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

To: don kramer who wrote (2300)	9/10/1998 5:05:00 PM
From: Geoff	Read Replies (2) \| Respond to of 6439

Thanks Don, it seems to me that I should pull out of the options game for writing, and just follow my gut instinct, MO LEAPS and just plain ol' MO stock. I would love to play the volatility but am not sure I'd play it right, so I will not play at all. Now it is time for me to keep my DRP going, and stockpile some cash. It is not that I'm turning bearish, not by any means, its just that I took one hell of a hit today in LOR and GSTRF when 12 satellites were lost when a rocket exploded out in the Ukraine. 12+ points down between the two of them, and already both were down 50%+ from the high, and a combined 20% from where I bought them. Makes me really happy I own the likes of MO (the AlMighty) and BA (which can only get so much worse!) Because of that hit, I need to build some cash, so hopefully the market will stay at these levels until Oct, when I will have some more bonds maturing and some time to keep a little money hidden from the bill collectors... later, geoff