• wigit5
    On good days nobody smokes # $MO one of two down stocks on an otherwise green day
    2/27/13
    Reply (24)
    • zoralsurgeon: Yep. Interesting to see it down 2% almost on such a green day. Profit taking I think.. What about you?
      2/27/13
    • wigit5: I'm just not sure, every day that I'm mostly red it's up and vice versa... Which I guess is good as it's my sole defensive play currently..
      2/27/13
    • wigit5: I'm a small time investor first stock I bought was in Oct 2011, and I only own 10 stocks total at the moment.
      2/27/13
    • wigit5: make that 11 I forgot I bought a small spec position in $AAPL a few days ago.
      2/27/13
    • zoralsurgeon: Yea. I mean I know FDA appointment a new anti-tobacco person. I think that combined with MO being close to 52 week highs before sequester
      2/27/13
    • zoralsurgeon: probably was enough to have people step to the side for a moment. I know i did :) Wanted some dry powder incase the bottom drops out
      2/27/13
    • wigit5: Yeah I saw a link to the new FDA appointment but I supposed Tobacco always goes down when a new FDA chief is appointed..
      2/27/13
    • jegerken: Dividend announcement or new board member affecting price? Seems unlikely.
      2/27/13
    • zoralsurgeon: wigit5 LO is getting killed since Friday.. What do you think? I may grab a little
      2/27/13
    • wigit5: Oh wow I didn't even see $LO down like that... hmm seems to have support at $38 will see if it breaks through that by weeks end.
      2/27/13
    • wigit5: If it does I'll probably join you, probably at 38.25 or approx area... will do some research first though! I'm surprised so many people
      2/27/13
    • wigit5: bailed seeing as it went ex dividend today (I think) It may be the proverbial knife and might want to wait to see where it stops the drop
      2/27/13
    • wigit5: Just to note they are looking at banning Menthol flavored cigs, LO's flagship is menthol might be some of the cause for the beating...
      2/27/13
    • zoralsurgeon: Yeah I read that. I also read an article though that said menthol cig's provide ~$15 billion in taxes to the government and that they won't
      2/27/13
    • zoralsurgeon: want that money to stop coming in. Thought it was a decent theory
      2/27/13
    • wigit5: yeah I agree menthol's won't go away but in the meantime the news will probably drive the stock down. I will probably pick shares up soon
      2/27/13
    • Ocean Man: $LO always takes menthol ban scares harder. 94% of LO revenues are from Newport menthols.
      2/27/13
    • wigit5: OM do you think this is a good entry time? Seems like it's based off things that probably won't come to pass
      2/27/13
    • zoralsurgeon: I agree with Wigit5.. what do you think OM?
      2/27/13
    • Ocean Man: Well, all of the menthol ban scares in the past which have driven LO down, and there have been many, have proven to be false.
      2/27/13
    • Ocean Man: Just know that if one proves true, LO will get wiped out.
      2/27/13
    • Ocean Man: Look at Nov 19th 2010 to March 14th 2011 for the last scare. LO dropped almost 20% while SPY gained almost 15%. When the scare turned out to
      2/27/13
    • Ocean Man: be false, LO gained about 45% over the next 2 months while SPY was flat.
      2/27/13
    • wigit5: Appreciate it OM thanks so much, I'm gonna pick up a small position to play the fake out
      2/27/13