to get back into RGR under 40. Everybody has sold who wanted to sell. The T/A types won't climb back aboard until the stock is substantially higher than this.
Fundamentally the company is growing like a weed and is now priced at less than 14x 2012 earnings. No debt, bulletproof balance sheet (sorry), expanding capacity, markets growing for both RGR and SWHC. Markets always overreact. This one is ready to turn.
When will people realize stocks don't trade on fundamentals! The S&P was up 1.5% today while RGR was down 5.88% on 3x avg. volume. Not to mention Smith & Wesson was up 5%. Obviously S&W has way more upside then RGR at the moment. The risk/reward ratio for RGR is just not there. Way more downside then upside. You do the math!