do you punch your cigars or cut them?

I have smoked with some very sophisticated smokers in singapore and hong kong. They all use a punch for the larger ring gauges as they say it protects the cap. They use a scissors on the smaller gauges, El Fuilero
 
I prefer to cut but i have a bunch of lighters that have a punch on it and will use if i forget my cutter. I think im gonna grab a Xikar multi tool today and give that a whirl.
 
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