For rockwoodpaul since you asked down below to be pointed to one illegal act article:
Told you guys this was a cash cow for insiders:
02/13/2013 -- An investor in shares of Smith & Wesson Holding Corporation (NASDAQ:SWHC) filed a lawsuit against certain directors of Smith & Wesson Holding Corporation over alleged breaches of fiduciary duties in connection with the stock options that have been awarded to the CEO.
Investors who are current long-term stockholders of shares of Smith & Wesson Holding Corporation (NASDAQ:SWHC), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation or call (deleted)
The plaintiff alleges that defendants breached their fiduciary duties by awarding the CEO of Smith & Wesson Holding Corporation 500,000 stock options in the FY 2012. The plaintiff claims that the bylaws of Smith & Wesson Holding Corporation limit such grants to a maximum of 300,000 per year.
In fact, the compensation of certain top officials at Smith & Wesson Holding Corporation increased significantly between 2011 and 2012. For instance the President and CEO’s compensation rose from over $493,000 in 2011 to over $2.89 million in 2012 and the Executive VP, CFO and Treasurer’s pay increased from over $640,000 in 2011 to over $1.18 million in 2012.
Anyone who has held this stock for more than a few weeks has been rewarded with lots of red days. Still don't understand why this stock rarely goes up. The only time this stock seems to move is 3-10 days prior to earnings and then it tanks. Still holding this POS. Thought fundamentals mattered. My mistake.
You are feeling the same as so many of us. It has become aparent that the only way to make any money on this POS is to either day trade the thing or I am starting to ride the computer wave.
Let them make us some money .
When it starts to dip which is about 3 mins into the day selland place a buy 20-30 cents down.
Let the computers make us money since they wont let it go up.
And in june after the run up I am selling because even though there will be a blow out quarter it will go back down.
You are right fundamentals dont count when the computers just want to beat the #$%$ out of a stock.
Not only have I lost faith in this stock this has ruined me towards Wall Street in general.
You recitation is another pointing to the same question: Why does a company with such great numbers sell for so little? The answer is the one that management shills keep denying........management is ripping the shareholders off, lining their pockets with gross over-compensation, secret perks, outrageous options for huge quantities of free shares.