S&W Out of stock!

[jkc]

A couple years back I bought some shares of Smith & Wesson Holding Company when it looked to be a bargain. Sure enough, it rapidly gained in price, and I sold at a tidy profit. No sooner sold than the price started climbing abruptly again, so, I bought back in, soon after which the share price began tumbling to about half what I'd paid. I've just held onto to it in the unfounded hope that it might recover, but it's lingered at about $3.00 a share for months, until last Monday or Tuesday, when it began a steady climb. It closed way up on Friday, at about $3.90. I placed a limit order late Friday to sell all my shares at $4.00. Monday morning, about two hours after the bell, it hit $4.01 briefly, then slid again. At close today, it had sunk to $3.75. Talk about timing the market...

I wish I'd bought Ruger instead...

 

[JJEH]

Thanks for the info.

I just talked to my wife about investing (not Millions... don't worry ) in S&W.

Will see what the broker says...

 

[JayBird686]

I had some extra money left from selling some company stock, so I bought a few shares of S&W. Looking at the outlooks, it will hover at 3.50. Kind of bought it for sentimental value.

Now my Best Buy stock, that took a beating!

 

[The Highlander]

Ruger has been much better than Smith in the last few years. I own both. Actually, bought both in part to support the gun industry. However, the Ruger has gained significantly in value, and pays a 2% dividend as well. Better than any CD's around here, and it is neat to own part of a gun company.