Altria Isn't Done Just Yet, I'm Not Either

Tags: Altria Group, MO
19 Apr 1:21am
I've been hospitalized for the past few weeks, and had a minor surgery.  I suppose that at my age, it's something that was bound to happen.  But I'm out and I'm as well as ever.  I just hope this cold weather would get going soon.  During my little "vacation" Altria has been going through pretty interesting moves, and since the split-off of Kraft, it's already gone back up over 10%.  Here's what I would suggest, do not worry too much about the red "loss" you have on your portfolio, I'm more confident than ever that it will revert back to the high-70's, almost as confident that I'll be going strong for many more years to come.

If you look at the trends, Altria's shares are now trading at its all-time high - if you think about it, a 10% rise under the "pre-Kraft split" price would have put it to the high-90's. The strong pattern will push it to a continued rally well into the summer of 2007 - its in a bull flag pattern that will eventually start a measured-move rally much like we saw back in March when it was low-60's. 

Altria releases their earnings tomorrow morning - the first after the split-off. They'll be one of the hot movers over the next few weeks, if not months. Get in now while it's still considered "cheap", it's a deal.

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About

smokinstocks

Hello everyone, my is Anthony Sacks, but please feel free to call me Tony. I am retired, and probably the most senior here in terms of age, but equally as young at heart. I am 64 years of age, soon to be moving on to 65. Been married to my beautiful wife Carla for 35 years, father of six, and grandfather of five, the latest to a handsome baby boy, Charles Anthony Sacks. I live in Dover, Delaware, and enjoy spending most of my time with my grandchildren. I have a passion for fishing, and at my age, eating. PS2 has become an interesting experiment for me. I play with Isaac and James, my two other grandchildren. I do not smoke and am not an investment expert. But I do enjoy investing and following market news. Particularly fond of Altria Group and Reynolds American. Bullpoo has been a fun discovery for me over the internet, and I hope to meet other individuals as keen on investing as myself. Please feel free to message me any comments.