Hello JohnI bought CIG back in January at 28, but sold six months later because it wasn't doing anything. Wish I would have held on a little longer. Lesson Learned. It sure seems high right now, but there are not that many cigar stocks out there. FoolRick
Rick,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. John
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