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Non-Tech : Caribbean Cigar Co. (CIGR,CIGRW) Trendy stock -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (80)	11/14/1997 7:53:00 PM
From: Benjamin Hong	Read Replies (1) \| Respond to of 136

Linda. I have similar feeling too. It is quite striking that Malcolm can be so successful, but at the same time some people got burned. I do believe that we need to our own homework besides Bill's recommendation. That is Bill Mathews' intention too. One thing we can do is to learn from his losers (CINDE, IHNI, IABSF...) I almost bought CIGR at $4.50. But I happened to look at its 1st quarter 10Q and other SEC files. Two things worried me: 1) it had only about $80,000 cash (sounds old story: from Bill's book, if the company has tight cash position--watch out!); 2) one of its director (I don't remember his name) had legal trouble with the SEC before. And there are some complicated money transaction among its directors (I did not fully understand the documentation). Another thing made me wonder too: look at its warrant (CIGRW). I can't understand the fact that if CIGR is a good company, why its warrant went down so badly. It did make me feel that somebody knew something (bad) that we don't know. These things kept me away from CIGR, but I am still watching. You do learn more from the harsh experience. I bought INLK and HTEC at Bill's recommendation. I did find that I had chance to sell (with good reasons) to break even. But I didn't do it. If we take longer perspective, I am comfortable with these two. But if I were Malcolm, I should sell and buy back at lower price. Personally, I think the fundamentals of CIGR are changed since Bill's recommendation. It could be another disappointment. Don't take my view too seriously, I am still learning. Ben.