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Smith & Wesson Holding Corporation Message Board

  • lorde_chatterly lorde_chatterly Jun 14, 2013 8:19 AM Flag

    The Guy who bought at the Top has Nerve to say Watch and Learn

    Duhhhhie !!!

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    • Well, I can say this. I will be watching. This has potential to become exponential. But its always a long shot.

      Taking that many shares out of the float is certainly a challenge to the shorts. But do you think they will get sellers at $10??? If the intrinsic value is near $16, why would anyone sell? One answer - there could be a number of funds with low basis that want to exit in an orderly fashion rather than hitting the market with 500,000 shares or whatever. SO this buyback is a bit of a death-defying act, but what do I know.

 
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