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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 (2481)	10/16/1998 9:16:00 AM
From: md1derful	Read Replies (1) \| Respond to of 6439

Thread: Big mo underperformed for the same reason it always underperforms...litigation...big trial in Miami, receiving LOTS of press down here...you can imagine shareholders being a lot more nervous with the stock at 50, than they were when it was 40..this type of news causes shareholders to be just a tad more defensive, hence we underperform...no problem..we write some 45 puts and get a great price for a few months!! All bets off if ag settlement occurs. Incidently fwiw I closed out each Oct. put position at a steenth yesterday...will await for a good price on the nov 45..still remain short the 42.5 at 1 for nov. and would like to close this out at a steenth today. Go mo, go yankees