A chance like this doesn't come around very often. A company with increasing growth and good fundamentals going down in value. I could dig up like stock scenarios like this by the scores, most all with very happy endings. This is simply a highly orchestrated event to take the stock down which will be followed by a swift rise. Reduction in backlog? Who wants a huge inventory to sit on and pay taxes on at the end of the year? If it's my biz that is exactly what I want to do. Once the fiscal cliff hits these shorties will move on to easier pickin's with #$%$ fundamentals which will be in the very near future - as in the next few weeks before year end. Boo birds are simply having a field day but the smart money is back in on the stealth. I'm just a lowly trader with a conviction who's learned not to go all in on the first good hand. So, I double down on the first down and then again on the second down (making it x 4 for the trade). The third down I double yet again making it a x 8 position. Blackjack dealers hate me. Today I've got my limit order in to take advantage of yet another drop. You go shorts!!! I'll win in the long run and I owe it mostly to you. And thanks to the weak hands too! GLTA
That's a good take on S&W. S&W bounced on the 30 day moving average and on the bottom bollinger band. I think we'll see $9.02 (still not oversold) today before the rebound after Wednesday's presentation. I bought before earnings and bailed (with a loss) when I saw the 300% volume to the downside.