I’m not mad, believe you me. Even though SWHC is a 20% position, I’m not mad. This is the game, win some or win all later. Just like WNR, there is a process that needs to be completed before people understand that the stock is going higher. The valuation is fantastic, but people are selling SWHC because the hot money was long for the catalyst-an upside earnings report.
So what happened?
I hate to be coy, but it’s simply a case of more sellers than buyers. This isn’t exactly a household name, so when the hot money leaves a stock that is not supported by institutions, the result can be jarring. However, this is where the small pleb, the unwashed retail troll, can capitalize.
Arb the pikers who are selling through big purchases of the stock into the blood. My hands are plenty dirty, long an amount of SWHC that is excessive already–so I won’t be adding to my position here. Nevertheless, should some of my other holdings reward my patience, I might consider upping the ante.
It’s a great long term story, one that will attract a slew of value investors who seek opportunity. Since I was boasting about my position when it was up this morning, I thought it was only appropriate of me to update you on my thoughts post sell off.
http://www.youtube.com/watch?v=4g8cjYTIVes
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SWHC-Sturm, Ruger & Company, Inc. Declares a Special Dividend of $4.50 Per Share – I think some people were expecting a huge special dividend.
Cheer Up. Listening to some real music will help
http://www.youtube.com/watch?v=TNYvPO70KAE
SWHC Down on Demand Worries
http://www.marketwatch.com/story/smith-wesson-down-on-demand-worries-2012-12-07
IMHO more to do with the 50% retrace level of 07/09..algos do this type of thing.
I just want a golden opportunity that I can swing at with my plutonium bat. Opportunity however usually comes complete with blood.
I’m looking at you oil.
Show me blood, then I’ll buy you.
SWHC company should consider buy back of shares
RGR’s ex-dividend date for their special dividend of $4.50 was on Wed. The stock dropped on Thurs. equal to the dividend being paid. This is probably also playing into the price drop in SWHC.
I took a gun to my head, pulled the trigger and added to SWHC. Looking for a bounce into the close.
Out of my SMH etf for no gain no loss.
What a waste of a nice day- 80 degrees and the sun is now out.
Time for either a bike ride or a nap.
Dear Stock Gods, I have been a Good Nymph all year long. Can you please have Canada tell China to fuck off on the Nexen deal…thank you.
Mmmmmm…. guuuuunnnnnsss…..
_______
https://www.youtube.com/watch?v=xIpLd0WQKCY
http://www.youtube.com/watch?v=-TC2xTCb_GU
Stocktwits does not approve of this headline
Stocktwits’ cops are all over my ass… for pimping a guy for a laugh. I consider the Stocktwits squad car follower a badge of honor.
NO SHIT…!
BTW — is that Steve Forbes in the cover picture?
High larity.
____
Jake
Go watch the movie Barry Lyndon.
Thank me later
Seen it. That still looks like Steve Forbes!
_____
If you were not so busy trying to stir up internet traffic amongst your minions (whilst paying peanuts) perhaps you could concentrade better.
Hey, they still be drinking the Koolaid though, some even added…
Add this…
Swallow the long cold steel one you can handle more
Fuck you! I’m adding more!
Oh swallow it baby you handle it so well, add more.
http://2.bp.blogspot.com/_Ak4IudzYh98/TVCOINviv9I/AAAAAAAACSk/wnpYXRZ05fE/s1600/swallow_1.gif
Gay
Hold me!
Santa Clause iz coming 2 town