tomorrow? SW is sold out for at least through the start of quarter 3. With those idiots in Washington DC and state house nationwide, it would be safe play through the summer. With that said I am long s@w and may take some profits tomorrow and buy OLN...
Not trying to sound negative, but I look for the sequester to pull the market down at anytime. I heard the futures are red and asia has pulled back from a good Monday morning start.
A bad market will cause some kind of a pull back and an excellent buying oportunity.
I just do not see 85 billion in cuts pulling back this market very much. I really do not see any reason for a major pull back in swhc. Maybe some profit taking but we are definitely going back to early December levels. I will take some profits after the release but I holding one more quarter.
SWHC an easy double just check with your local Gun Dealer ask them whats going on. Ask any Dealer Heck you can even see some evidence at your local Walmart Sporting Goods Dept.
Sentiment: Strong Buy
I too look for a pull back. But if you look at Ruger, it was up early after earnings the previous day then a big sell-off (specialist picking up the stop losses?) and then finished the day higher. And then even higher the next day. Of course an overall market concern over sequestration might hurt but I would think SWHC will be insulated from that for a few days because of the outstanding earnings and statements of back-orders. ALL mho's of course. Subject to whatever dd you do for yourself. I am holding both companies RGR and SWHC until they go private, but I expect a bumpy road but up for the next 3 years.
That is how I see it too. Glad I sold my "Earnings Run" in AH Friday nite to hold my gains. Will see how much pull-back in AM, then reload. Looks like it will pull back some...just wait it out.