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Stocks C / Consolidated Cigar Hldngs
|Subject: Re: CIG Watchers||Date: 10/6/1997 11:08 PM|
|Author: oblong||Number: 7 of 15|
Agreed that there aren't that many to choose from. I've been watching CIG since it was at 18 to see when I want to short it. Thank God I wasn't that stupid. I would not short it now and wished I went long on it. Question is, where does it go from here. The volume which drove it to 43 was fairly thin (30-50,000 shares per day). There are options on CIG but may look for a break to go long on it.
The real question may be when does the whole cigar fad start to fade out. Let's face it, a few women may put on red lipstick and suck on a stogie a couple times in public to get their boyfriends/husbands hot and bothered. After that I don't see this market being driven by a bunch of new-found cigar smokers. This may be like dry beer, Zima, and chewing tobacco. Cool for a while and then fade out.... how fast will it fade and what would it do to a premium cigar distributor like CIG?
Of course, all of this is IMO.
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