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Smith & Wesson Holding Corporation Message Board

rharris1975a 1 post  |  Last Activity: Jun 16, 2016 4:42 PM Member since: Nov 8, 2010
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  • rharris1975a by rharris1975a Jun 16, 2016 4:42 PM Flag

    I sold 1000 shares of SWHC before closing! AAARRRGGHHH!!!!!!!

    I added up all the background checks for this most recent quarter and they were 800,000 less than last quarter, so I figured there was a good chance they could not beat the numbers of last quarter, and I felt the left wing liberal media may have hiked expectations higher than they should be in order to manufacture an earnings miss, and given how easily this stock went from $30 to $21 an earnings miss could have been disaster, so I sold 1000 of my shares.

    Now before anyone cries for me, let me add that I still hold thousands of shares of SWHC, and I was supposed to sell a few thousand on a trade last quarter just before the earnings report, but as you all know, things went south last quarter and even though I bought those trading shares at 23 bucks and 22 bucks, I was under water.

    Anyway, of course now I'm aggravated that I now hold 1000 less shares than I did earlier today, which means I missed out on a nearly $2000 gain.

    I was holding those 1000 shares and some other shares on MARGIN though... and all you experienced investors and traders know the danger of gambling on margin, so I made the best decision possible given the information I had and sold 1000 of my margin shares to pare off some of that margin debt.

    By the way, given the current massive anti-gun push by politicians, a useful fact for you all to wield against the anti-gun people is the official FBI statistic for murders by ALL RIFLE STYLES including "assault style" rifles, the FBI stat that you can find on their page is about 300 murders, that's it.

    So when people tell you there is an epidemic of murders due to these rifles, refer them to the FBI page. Keep in mind, if the politicians can ban a rifle that is not even responsible for 300 murders, you better believe they will justify banning handguns which are responsible for over 6000 murders a year.

    Good luck to all.

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