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04-20-2016, 01:09 PM
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Bought some Smith and Wesson stock
today, it is trading at 22 bucks.
SWHC is the code and has no where to go but up.
Looks like a bargain, I think it might be a dog that had fleas and was giving some front line before the start of next season.
We will see, all firearm stock is going up.
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04-20-2016, 01:10 PM
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Quote:
Originally Posted by James&theGiant1911
SWHC is the code and has no where to go but up.
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Umm, that is not always true
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Still Running Against the Wind
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04-20-2016, 01:15 PM
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The 52 week low is $14.45 and the 52 week high is $30.44. Looking at the 5 year charts, it seems you bought in towards the top end of it's price range. I hope you do well, but single stocks area always a gamble.
Last edited by Hunter8282; 04-21-2016 at 08:31 AM.
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04-20-2016, 01:34 PM
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From my own observations, the market is saturated with guns and ammo, retailers are bulging at the seams with inventory. Hardy a bullish sign for manufacturers. SWHC has taken a 25% haircut in the past few weeks. I'd think there'd have to be some outside influence like fear of legislation to move a lot higher from here.
Good luck.
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04-20-2016, 02:26 PM
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which is why I called it a dog with fleas, I bought Intel stock at 15 bucks and sold it for 32 bucks after they announced their 12,500 USA workforce cut.
I am not expecting it to be Apple or anything, if it goes to 30 bucks a share then I guess that is the best I could hope for.
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04-20-2016, 02:40 PM
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late to the dance
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God spelled backwards is dog.
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04-20-2016, 02:54 PM
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Commission and short term capital gains usually wears out most single stock buyers, unless you've got a large portfolio or you have the ability to buy single stocks within your 401K.
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Wisdom comes thru fear . . .
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04-20-2016, 03:15 PM
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Quote:
Originally Posted by Muss Muggins
Commission and short term capital gains usually wears out most single stock buyers, unless you've got a large portfolio or you have the ability to buy single stocks within your 401K.
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I guess it depends all on what you call large portfolios, having multiple 401s and an IRA makes a good diversification.
At least I think.
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04-20-2016, 03:34 PM
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Quote:
Originally Posted by Hunter8282
The 52 week low is $14.45 and the 52 week low is $30.44.
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Huh? Stop trying to confuse me, just because it's easy.
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So many S&W's, so few funds!!
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04-20-2016, 03:54 PM
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You should have waited a little longer and hit the absolute top!
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04-20-2016, 07:56 PM
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I originally bought SWHC at $2.30, and bought some more at $4.20. Sold it all at $22.00 and put it in a mutual fund. I see S&W treading water for the next year or so, value wise. Unless they get a military contract they are about at the top.
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H Richard
SWCA1967 SWHF244
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04-20-2016, 08:07 PM
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S&W doesn't pay a dividend, something to consider. Ruger pays measly 2%.
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04-20-2016, 09:47 PM
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Bought SWHC stock in November of 2008.
It did very good.
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04-20-2016, 09:47 PM
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I think the rest of the statement goes I bought S&W put's betting downside.
Last edited by dkals; 04-20-2016 at 09:50 PM.
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04-20-2016, 11:54 PM
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Quote:
Originally Posted by James&theGiant1911
SWHC is the code and has no where to go but up.
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I'll do you a favor and won't buy any! If I was to buy some, it would DEFINITELY go down.
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Miss My Buddy crsides!!
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04-21-2016, 12:09 AM
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It has a very bullish rating which is good, it is already down you should buy some
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04-21-2016, 12:38 AM
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Well I hope you make a killing on your investment. The one thing I've learned in my 34,000 plus hours of studying stocks, bonds, funds, etc. is to expect the unexpected. Of note: the S&W CEO has sold about 580,000 shares of his company stock in the past few weeks.
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04-21-2016, 04:38 AM
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I have no luck picking investments. One year I rented a pumpkin patch and they cancelled Halloween.
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04-21-2016, 09:57 AM
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Gold would be a better buy right now.
As always, never buy stock with money you can't afford to lose.
Good luck.
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That's just somebody talkin.
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04-21-2016, 05:17 PM
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Quote:
Originally Posted by LostintheOzone
Gold would be a better buy right now.
As always, never buy stock with money you can't afford to lose.
Good luck.
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The way I look at around 60-70 percent of it is not my money anyway....
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