Should I invest in Smith & Wesson?

[JMan]

Smith & Wesson stock skyrocketed after the April 14th Tea Parties, and has since cooled off, but with more gatherings scheduled for July 4th, do you think I ought to take up some stock positions now in anticipation of another reaction by Pelosi & Co to their fear of an armed populace?

[Daffy Duck]

I think for most people buying individual stocks is like gambling. From what you just told me, it makes sense that the stock could jump. Than again, maybe it won't.

I'd recommend you invest whatever you're comfortable with investing and see what happens.

[ThoughtAddict]

Originally Posted by JMan

Smith & Wesson stock skyrocketed after the April 14th Tea Parties, and has since cooled off, but with more gatherings scheduled for July 4th, do you think I ought to take up some stock positions now in anticipation of another reaction by Pelosi & Co to their fear of an armed populace?

I'd advise against. I'd wager that most of that anticipation is currently priced into the stock. That said, I haven't looked at the numbers.

[Dot]

Invest in yourself.

[blondandfun]

Originally Posted by Dot

Invest in yourself.

You're my new friend I always tell people the same thing.

Take that money and CREATE something.

Or you can BUY something I created
To Be a CE

[advancedatheist]

For a minute I thought you meant, "Should I buy a Smith & Wesson firearm?"

[Kanzeon]

As ThoughtAddict said, the probablity of more gun hysteria is already built into the share price. Also, even if some legislation came up, it wouldn't have the same wide impact as a Presidential election, so the stampede will be smaller. Many if not most of the people who would buy guns in response to legislation already stocked up in this last run up, so there isn't pent up demand. Finally, my guess is that gun control, at least in terms of administration support, is going to be something that will be saved for the second term (if there is one), and political capital won't be expended in that direction.

I wouldn't.

[SuperManny]

Originally Posted by advancedatheist

For a minute I thought you meant, "Should I buy a Smith & Wesson firearm?"

Ha Ha, that's what I thought, too.

As for the investment, you'd probably be better off investing in the companies that make ammo, there's been quite a severe shortage lately...

Even better, I would recommend everyone buy gold, silver, or maybe commodities.

I don't like being a doomsayer, but when all those trillion$ they just printed hit's the general populace, our paper money will be virtually worthless. Hope I'm wrong, but I say in 6 months or so, the excrement will probably hit that thing with all those turning blades...

[JMan]

Well, I bought it yesterday and just sold it after gaining 17% on it today. I'll wait for another dip before buying more.

[Daffy Duck]

Nice! I have a coworker who day trades. I do it on occasion with virtual money.

[Playlife]

Sorry, but I just don't see the point.

Firstly, don't you think that when you invest in firearms, you invest in crime, aggression, war? Do you want more of this fear in the people? Do you want more fear overall?

Secondly, what value would you create with this? Invest in some stocks, wait for the prices to rise, sell, get the money, and hoopla, a few dozen bucks, or a few thousands richer. Weee!

I understand that in times like these, people would do, but it always makes me think when threads like this one, or about "making money online" pop out. What would be your message?

[Daffy Duck]

Originally Posted by Playlife

Secondly, what value would you create with this?

If the value is fun and income, I think that's enough. I mean, what value does playing Monopoly create?

Although I don't like guns myself, I must admit that war, aggression, and crime was invented long before guns were.

[ThoughtAddict]

Originally Posted by JMan

Well, I bought it yesterday and just sold it after gaining 17% on it today. I'll wait for another dip before buying more.

Nice buy. Did you have some insider info about the Universal Safety acquisition?

[JMan]

Originally Posted by ThoughtAddict

Nice buy. Did you have some insider info about the Universal Safety acquisition?

Thanks - no I didn't. It's one of several that I've been watching and trading on and off for a few months. It just recently has been hitting new lows and there has been some anticipation of a really good quarter coming up. That news drove it up today.

I was going to go long with it, but after today's spike decided to take some off the table.

[JMan]

Originally Posted by Playlife

Sorry, but I just don't see the point.

Firstly, don't you think that when you invest in firearms, you invest in crime, aggression, war? Do you want more of this fear in the people? Do you want more fear overall?

Secondly, what value would you create with this? Invest in some stocks, wait for the prices to rise, sell, get the money, and hoopla, a few dozen bucks, or a few thousands richer. Weee!

I understand that in times like these, people would do, but it always makes me think when threads like this one, or about "making money online" pop out. What would be your message?

Nope - I invest in hunting, recreation, and protection.

Secondly, investing/trading allows me to redistribute some wealth how I see fit. Lord knows the government is doing it's fair share.

Your concern is understood - money and wealth only amplify each specific person's proclivities and nature. So do firearms.