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Smith & Wesson Holding Corporation Message Board

  • brgeenfive brgeenfive Sep 6, 2013 9:33 AM Flag

    My fault...yours too

    I bought yesterday, expecting a 10% pop up on earnings. A slowdown in gun demand (as evidenced by reduced permit applications) was partly priced in. I felt the size of the priced in slowdown was too much too fast...so I thought mega-upside today when forward looking statements confirmed demand still strong.

    I WAS WRONG. I SUSPECT THE OTHER RETAIL BUYERS LIKE ME THOUGHT THE SAME. WE WERE WRONG TODAY...WE LOSE. IT'S THAT SIMPLE. TAKE IT LIKE A MAN AND MOVE ON!!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The problem is their guidance, not this quarter's earnings. They guided down by 50% in earnings for next quarter. That is horrendous, and means the gun glut is over.

    • Don't buy into this rigged mess and don't worry, you'll get your investment back and more.... see my other post on what I think they're doing... as you know they're buying back stock, so one way to get buy it back lower is drop the stock price, how do you drop it, you issue an earnings warning... that not only drops the stock price, it bring analysts expectations down for future quarters... when they issue their next analysis on what the next quarter will look like, based on your lowered expectations, you come out and blow it out, which of course brings your stock price to new highs... just stay put, good luck!

      Sentiment: Strong Buy

    • SWHC will close close to break even by the end of the day -- my prediction

      Sentiment: Buy

    • I have a Michigan gun permit. The permit is good for 5 years. I do not need an FBI background check to buy a firearm as long as I have the permit. If this is true for other permit holders, the fact that FBI background checks are not continuing to increase at the same level as before may only be evidence that there are more gun permits, not reduced demand for guns.

      The gap down has nothing to do with demand for guns. That remains high. Ruger just bought a new factory to make more firearms because they understand that the market for guns has not plateaued. There is an anti-gun sentiment by people who live in a fantasy world where everyone will be safe if criminals, who, by definition, do not obey the law, were the only ones, other than the police, who were allowed to possess guns. Those people, and market manipulators [aka MM's] have taken the guidance by bumbling SWHC management and used it to drive down pps, temporarily. However, SWHC's fundamentals are strong, and the future should bode well for the company's fortunes.

 
SWHC
9.62+0.22(+2.34%)Dec 17 4:00 PMEST

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