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May 6, 2005
Altria is smoking, Fri., May 6, 2005, 3:32 PM
About mid-day Tuesday, Altria (NYSE: MO) started smoking. Then at 1:00pm today, MO took off like a few more people started lighting up.
Some players are seeking hiding places for the market weakness to come. This could be one. While I doubt that, it is a possibility that one of the big investment bankers is hatching a plan to split the food group from tobacco. Do you think?
Actually, I heard there is news out today on MO " I just can't be bothered looking for it.
I do recommend you read today's release of the Value Line report on MO.
Actually I now see that Goldman Sachs was hyping the stock at 1:15pm. I guess somebody knew at 1:00pm.
Posted by Posted by Bill Cara on May 6, 2005 03:20:50 PM | Category: 30 Consumer Staples , U.S. Dow 30
I think the big move was on a ruling from a new york appellate court de-certifying a class action against MO.
Posted by: Josh Silverman at May 6, 2005 5:12 PM [link]