I am looking to start a position. Howevere, I look at the chart of VGR and see that it has just recently broken out from a consolidation in the mid-teens. I was wondering if the long term holders see a drop coming perhaps. I'd like to buy 1000 shares, so I'd hate to buy too high.
I have held this stock for around 4 years..it is not a trading stock as it normally does not move much...the recent price movement was due to a release from a tobacco settlement that has been hanging over VGR's head for some time..as well they had some success selling property in various locations...it is now somewhat difficult for me to pick a good entry point, but I am not sure this will drop much below 19 for the rest of the year..just a guess so do your own DD..GLTA..trader