100 Million in buyback of stock. Earnings blow away estimates.
They have been throwing up large blocks the last 3 days since 9.20. They keep adding more when the blocks get picked off. Must have sold a lot of calls.
I agree they are getting some shares when they slam down but if you look at the slam downs and the volume back up, a lot of that covering is covering there own slam down. If 42 percent was shorted that means 58 percent were purchases. That is a net of 180K plus or minus shares picked up today.The slam down at the end of the day was typical shorting to pick up shares, coinciding with the market selling off.
So still not covering.
They got another batch in since my purchase 12 days ago. However nothing but H&K pistols $1000 range, a .22 M&P and some revolvers. A lot of AR's back in stock from many of the makers. The H&K's AR's are still flying off the shelves according to the manager. Well everything is flying off the shelves to quote him. They are actually taking deposits from customers for hand guns to go on waiting lists. Still no ammo! He said they are working out of the backroom because they aren't able to restock the shelves. No slow down!
Working hard to hold the price down.
The guy sounds desperate. He's pushing the same stuff on SWHC. All those put options he has look like they're in trouble.
42,39 and now 50 percent the last 3 days. Shorts are working hard to hold the price down. Unfortunately for them, even Bloomberg isn't talking about SM shootings. Not many buyers, but there aren't any sellers. MM are trading back and forth among themselves. When the pre earnings run starts moving up it's going to be really hard to keep it down. Some shorts will start covering and it won't take much to raise the SP.
Santa Monica is already falling off the front pages because the shooter had been committed before for threatening someone and had mental health problems. Shows how the liberals here in Ca.really are. They're letting the criminals out of prison because they're weak on crime here and made deals with the prison guard unions to get Brown elected. The mental health thing is a major problem here and its just another nut case who was able to get guns even though CA. already has laws on the books for the last 15 years to prevent the mentally ill from getting guns. Current laws were not enforced! New laws won't do a thing, so along with Obama's problems the media will let this fade away quickly. We may see the usual morning shorting, but they aren't going to pick up any shares to cover.
Shepard Smith on Fox news led off his show at 3pm with breaking news of shooting at SMJC and I was watching the stock to see if there was a selloff. There was actually more buying into the close.
That is exactly what they are trying to do in CA. I pick up my M&P 15 .223 tomorrow and there aren't plenty of them on the shelves in CA.
If there Is a move down tomorrow morning it will be shorts trying to shake out more shares. The shooting was a nut case and there isn't anything coming from Obama on gun control because with all the scandals he doesn't want to make speeches, then get asked questions. He is in hiding hoping to let everything die down. Plus everyone knows gun sales rise after shootings. There are a million articles about this.
Since Iranians DON'T have the right to bear arms, Your analogy means nothing. People buy guns when they feel threatened or there rights be suppressed. FACT!
Good for gun sales!
What an idiot you are. The kid found a gun in someone elses home after the father and kid showed up unexpectedly to visit. The gun was for self defense and there was no way to know a kid was coming to someone elses home. The liberal media is pushing a tragedy to promote an agenda. Just like Obama after SH. Media pushing Santa Monica messed up family and mentally ill man shooting to push agenda. They keep pointing out the AR15 but aren't mentioning all the other guns he used.
Looters will be shot! You can't rely on the government in times of tragedy. You have to protect yourself.