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Smith & Wesson Holding Corporation Message Board

  • just2cifu just2cifu May 22, 2012 1:50 PM Flag

    why the lack of buying? what happened

    to those kind of back-2-back days of 13% moves? must be my typical curse - nice stocks turn to sheet when i buy them long.

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    • flowerpowerpetalpusher flowerpowerpetalpusher May 25, 2012 10:09 AM Flag

      because they created the "bubble" and burst it....why buy a dead stock?

    • Just2,
      Not a curse. Buyers are just waiting on the June earnings report to justify a higher value/share.
      Current price/share is actually higher than it should be if based on current earnings.
      Based on expected, optimistic earnings, big order backlog, good sales, SWHC is maybe undervalued today depending on the investors risk comfort level.
      IMHO buying now on dips and holding till the June earnings report would be wise
      Patience now will be rewarded when June earnings are announced and SWHC goes up.
      Historically SWHC has had a bit of an uptick the week prior to earnings, so that may well happen again offering a profit taking time for the short term holders, day traders.
      we shall prosper. slim

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