Vodka Maker, Central European Distribution Corp (NASDAQ:CEDC) Moves 49% Monday

Monday’s NASDAQ Top Gainers: CEDC, CIGX, MU, DRYS

POINT ROBERTS, Aug. 30, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on the top percentage gainers on the NASDAQ for Aug. 29, 2011.
Vodka and tobacco were associated with the top gainers; a sign of the times ?

Central European Distribution Corp (NASDAQ:CEDC) made impressive gains for investors soaring $2.73 (49.91%) to $8.20 after private investor Mark Kaufman disclosed a 9.6% stake in the Polish vodka maker.

The stake purchase values Kaufman's holding at $39.1 million based on the stock's current price.

The Company will have its second quarter 2011 earnings conference call on August 4, 2011 at 8:30 a.m., Eastern Time. The conference call will be broadcast live over the internet. William Carey, Chairman and Chief Executive Officer, and Chris Biedermann, Vice President and Chief Financial Officer, invite you to listen to their discussion of second quarter 2011 results.

Star Scientific, Inc. (NASDAQ:CIGX), a technology-oriented company with a mission to reduce the harm associated with tobacco, rose $0.78 (43.09%) to $2.59. The Company lost a bid for a new trial to reduce carcinogens in cigarettes. The Company could not extract patent royalties from Reynolds American Inc.

Micron Technology, Inc. (NASDAQ:MU) increased $0.49 (8.57%) to $6.14 on an increase in spot prices of DRAM memory chips, but analysts conscious that the gains could be short-lived.

DryShips Inc. (NASDAQ:DRYS) gained $0.36 (13.19%) to $3.09 after the Company announced today that it will release its results for the second quarter 2011 after the market closes in New York on Tuesday, August 30, 2011.


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