RGR prices spiked this morning back above $50, and I have to say my buy from $48 is looking good. I have made big money on every single dip, purchase, accumulation, or wild guess I have made so far in this stock, starting in December.
Then just before noon, the Senate announced cloture of the background check deal and around that time RGR began to settle back down again.
Look, I’m going to be very straight with you. This measure means nothing. N-O-T-H-I-N-G.
Look where we’re at; this whole debate began with Dianne Feinstein so coked up on how many different makes and models of weapons she’d have free reign to ban, there was almost too many to decide. There was no limit to the damage to be done to gun manufacturers. Private gun ownership was in check.
Where are we now? Record sales and surging background checks later, and they’re trying to decide if they even have the ability to mandate closing loopholes that largely don’t exist on the State level; it remains to be seen whether that’s on every purchase (a measure as damn near a plurality of this country has ever supported), or just a tiny fraction of all gun sales – you know, weapons you buy between 3-6am while standing on your left foot in a gymnasium…or something
This is over. The likes of Piers Morgan are now scraping the bottom of the barrel, desperate not to look like total fools. Because they’re ultimately advocating authoritarian controls here. And the only thing worse than an authoritarian…is an ineffectual authoritarian.
I told you months ago that B. Obama would hang himself in his own eagerness. The man who began his first term parading historians in front of himself, pridefully seaking to cement his legacy for the ages, has now managed to choke off his second term before accomplishing anything. He made the cardinal error. Democrats have zero leeway to get dragged into the gun debate, because more than half the country doesn’t trust them with it.
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Sadly I can’t find a Ruger to buy anywhere (west michigan) and even if I did, couldn’t find ammo to put into it. I’m now seeing guys selling ammo on auction sites and its going for $40 for 50 rounds plus auction commissions. Insanity. Even 22LR ammo which you could buy by the pail full just last summer is gone. You can’t even buy reloading supplies.
So I’m not buying a gun until I have ammo for it. Kind of a catch-22 at this point.
Should have said that was 9mm at $40/box for target loads.
Thanks for the input. Some of my friends were thinking the rush was going to dim a little.
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