Watch what happens when the Market Makers stop supporting this today or Monday. They are the only ones holding this up building up their short position.
I did the same except bought in 8's. Saw it as very depressed. Did the same with BAC and BP.
I'm holding a much larger percentage of my portfolion in cash now. Market is overdone on easy money and hype IMO.
This will never see 9 for longer than you can wait for it. I buy really depressed stocks in name brand American companies. Those that would be bought out if the price got too low. About 4 years ago, I took a risk on SWHC and bought 10K shares at $5.50. I watched the invalid Golden almost take the company down and saw the share price drop to 1.80. Talk about a depression. Well, I sold 2900 in a spike to fund an IRA at 13.81. I sold 2100 shares today at 15.10 because of the announcement. I still own 5000 more shares that I will hold until 20. While I will make over $100,000 on this $55K investment, you have to come to the depression before you can get the big win. I know people trade this daily, but my strategy is to buy and sit in the fox hole until the firing ends( no pun intended). TD says my investment gains are over 200%. I don't know where else I could get this return on my money.
True but he has a point that once you buy a gun it lasts forever and doesn't have to be replaced. I rode this up but am going to short tomorrow or Monday. It's going to be dead money after the move down.
He forgot to mention the ominous threat to GM and Ford that you can 3D print out a car. He's probably shorting those and keeping it secret.
Ok which idiot just sold 500 shares at 17.76. You just lost 150 bucks plus commission for being stupid. Never trade after hours on no news You deserve to lose your money
God if I did not see it with my own eyes I'd never would have believed it. Does this mean we're going to send our troops in harms way equipped with paper guns?
Wrong assumption and "unscientific" process unfortunately have led you to an incorrect conclusion.
As to keeping up faith, I think it's an absolute no-no to base investment decisions on faith or political leanings.
Not Me but a talking head on CNBC today at 3pm hour.What an idiot saying that 3D tech. would hurt the gun business.Shame on CNBC for letting an airhead on TV.
By the tone of your previous posts you seem to be negative on SWHC. If so your position would most likely be short. I can't see how that trend has worked out for you in a positive manner. Short term short positions can be profotable here but hold short long? You should be getting hammered. Especially when considering costs to short long. Keep up the faith though.
rcapatain - I'm doing just fine and continue following sound business/investment practices, including paying attention to long and short term revenue and profit trends. You, of course, are free to ignore them.
I agree 100% - "Gun enthusiasts can still be rational, logical, fair minded, constructive, pro American, folks." ... unfortunately, this board is dominated (by numbers) by irrational, insecure, fearful, brainwashed, and hate-filled extremists.
I still have my mint condition - less than 200 rounds - 1991 Colt Python; 6" blued with factory polymer grips with original box/papers. I paid 750 for it new. I have been offered 5k for it ... the price on these things have started to get crazy. Ditto on my even more rare to find Walther P88 9mm; the last of Walther's all metal 9mms before they went to polymer 9mm
NEVER, EVER, sell your guns, because the left-wing wack-jobs like MB, DF, BO, JB, HRC, RE, C-chuckecheeseS, HtheblindmoronR will do everything in their power to take them. If you think BO was bad, wait till Billary becomes pres for the next 8 years, followed by her worthless-silver spoon-in-mouth daughter for eight
years after that ... because that is exactly what is going to happen, so you better prepare for it.
Big handgun sales stimulated by seeing Hillary's face on TV!!!! But seriously, SWHC has the best handgun portfolio on the market today. Kudos to the workers and management for good execution.