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Smith & Wesson Holding Corporation Message Board

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  • chrishasty_1982 chrishasty_1982 Feb 8, 2012 12:15 PM Flag

    Someone is selling off huge this morning

    Probably a good time to take some profits off the table. If this sees a 5% or more drop in one day there is a good chance that could create some downward momentum for prices going forward. You won't ever go broke taking profits.

    Another thing that's scary is the reasoning for why the longs were buying. They will be just as fickle and sell when they start seeing red.

13.15+0.15(+1.15%)Mar 27 4:00 PMEDT