Bought some Smith and Wesson stock

[James&theGiant1911]

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.

 

[Rule3]

SWHC is the code and has no where to go but up.

Umm, that is not always true

 

[Hunter8282]

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.

 

[ChattanoogaPhil]

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.

 

[James&theGiant1911]

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.

 

[doublesharp]

late to the dance

 

[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.

 

[James&theGiant1911]

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.

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.

 

[Tom S.]

The 52 week low is $14.45 and the 52 week low is $30.44.

Huh? Stop trying to confuse me, just because it's easy.

 

[S&WIowegan]

You should have waited a little longer and hit the absolute top!

 

[H Richard]

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.

 

[mrrick]

S&W doesn't pay a dividend, something to consider. Ruger pays measly 2%.

 

[Xfuzz]

Bought SWHC stock in November of 2008.
It did very good.

 

[dkals]

I think the rest of the statement goes I bought S&W put's betting downside.

 

[boykinlp]

SWHC is the code and has no where to go but up.

I'll do you a favor and won't buy any! If I was to buy some, it would DEFINITELY go down.

 

[James&theGiant1911]

It has a very bullish rating which is good, it is already down you should buy some

 

[unobrownsfan]

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.

 

[BUFF]

I have no luck picking investments. One year I rented a pumpkin patch and they cancelled Halloween.

 

[LostintheOzone]

Gold would be a better buy right now.

As always, never buy stock with money you can't afford to lose.

Good luck.

 

[James&theGiant1911]

Gold would be a better buy right now.

As always, never buy stock with money you can't afford to lose.

Good luck.

The way I look at around 60-70 percent of it is not my money anyway....