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BREAKING:::Shares of gun maker Smith & Wesson tumble after Connecticut shooting

 
=EkIm=
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User ID: 18606339
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12/17/2012 04:21 PM
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BREAKING:::Shares of gun maker Smith & Wesson tumble after Connecticut shooting
Stock prices of gun makers have tumbled on Wall Street amid a surge in discussion about gun control in the aftermath of the devastating shooting at a Connecticut elementary school last week.

Shares of Smith & Wesson Holding Corp. fell as much as 5% on Monday after sinking more than 4% on Friday – the day that Adam Lanza opened fire at Sandy Hook Elementary School, in Newtown, Conn., killing 26 people, including 20 children.

[link to www.latimes.com]
New Age Messiah

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12/17/2012 04:24 PM
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Re: BREAKING:::Shares of gun maker Smith & Wesson tumble after Connecticut shooting
Need to see if anyone had some wonderfully timed shorts on that stock.
Anonymous Coward
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12/17/2012 04:25 PM
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Re: BREAKING:::Shares of gun maker Smith & Wesson tumble after Connecticut shooting
Need to see if anyone had some wonderfully timed shorts on that stock.
 Quoting: New Age Messiah


Good point!
Sneetch

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12/17/2012 04:29 PM
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Re: BREAKING:::Shares of gun maker Smith & Wesson tumble after Connecticut shooting
Need to see if anyone had some wonderfully timed shorts on that stock.
 Quoting: New Age Messiah


Would not doubt it for a second.
We were meant to live for so much more, have we lost ourselves?
Anonymous Coward
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12/17/2012 04:30 PM
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Re: BREAKING:::Shares of gun maker Smith & Wesson tumble after Connecticut shooting
Why, the government is going to need to increase their buying since it will take a lot of ammo to disarm America
=EkIm=  (OP)

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12/17/2012 05:59 PM
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Re: BREAKING:::Shares of gun maker Smith & Wesson tumble after Connecticut shooting
Gun Stocks Fall After Newtown, Despite 'Phantom Menace' of a Run on Gun Sales

[link to www.theatlanticwire.com]

Last Edited by =EkIm= on 12/17/2012 06:00 PM
Anonymous Coward
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12/17/2012 06:04 PM
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Re: BREAKING:::Shares of gun maker Smith & Wesson tumble after Connecticut shooting
What goes up must go down. You realize they were comming off total blow-out sales records, year after year?

They are cranking our arms 24/7, like Orcs from Lord of the Rings, at a frantic pace.

They cannot increase capacity, for all pratical purposes at this point. They are at peak sales and right now is a good time to sell.

Does this mean they will be hurting financially? Don't bet on it. They had no intention of expanding their manufacturing capacity.

The panic buying that is happening right now will guarantee their sales to explode well into the next year and a half.





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