You packing heat? Well, let’s be careful out there because apparently everyone else is. According to data from the FBI's National Instant Criminal Background Check System (NICS), background checks on the sale of firearms jumped 23.3 percent in February compared to a year ago. That’s after January’s 28 percent increase, December’s 24 percentincrease and November’s whopping 42 percent jump.Let’s not get into the “Why?” of this just yet. I mean, look around. Things aren’t exactly looking so good economically speaking. Instead, let’s take a look at “Who,”; namely, Smith & Wesson (SWHC).Next week, Smith & Wesson will report earnings. Most traders and investors won’t be paying attention because, well, when is the last time you checked out SWHC stock? Regardless, whether you join the herd and buy a gun or not, this may be the one stock to help you ride out the ongoing bear market.
Kevin Depew from Minyanville.com
3 comments:
yea gun sales have been off the charts, it's insane. as i wrote in my satire on bottom-calling and contrarian signals: "people are buying guns like they've got a civil war in their living room... SWHC is the new CROX"
http://www.marketfolly.com/2009/03/ranting-raving-contrarian-signals.html
Not sure how much more SWHC can run up. This stock has seen 100% returns in a month. I think this is nothing but a hype, which will eventually fade and fall.
I have been also posting about SWHC lately on my blog. (http://rantaboutit.blogspot.com/)
Also wondering if you care for a link-exchange so our readers can enjoy each others posts. I have linked u from my blog.
Thx
hi SJ. i added you to my blogroll. thnx
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