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Philip Morris International, Inc. Message Board

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  • edfiggy edfiggy Jul 31, 2009 5:17 PM Flag

    UBS Downgraded PM this AM. Killed the rally!

    OK... So basically dead money but a good dividend. You get pay to wait for appreciation 4-6 months from now.

    Then your point of view is that if you own hold... if you do not have a position wait for better prices. There will be a lot of support at $45 based on the chart.

    Do you agree?

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    • Firstly I'm no expert trader, just an individual. I do follow markets closely and am a CPA so I do know that there will be a currency gain in Q4 b/c the dollar is much weaker now than it was at the end of Q4 08 when it strengthened due to the fear in the markets.

      I don't think there is a rush to get in now, it is not going to run away. That being said why not buy in pieces slowly if you are a longer termer b/c then you average in and are not guessing into market timing.

      Market timing is too hard to call b/c it is based on too many variables that are unknown.

 
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