Good Morning World
Sometimes I am so stupid I amaze myself.
Yesterday, I never did make the connection between Smith and Wesson weakness and the Virginia Tech tragedy. It wasn't until this morning that I realized a massacre is not good for gun manufacturers. I tried to get out pre-market, but wasn't able. I ended up selling on the open, 1500 shares in the $14.30s. My breakeven was $14.53, so this is not horrible, but I'm still kicking myself for not making the connection yesterday.
GIGM had a huge dump on the open, but looks like it is trying to recover.
DIVX is running on news. I should have added yesterday.
STKL still trying to push past resistance in the $12.50s
Good trading to all today.
***Update*** Idiotic moves ahead- I just rebought 1k of SWHC @ 14.35
2 comments:
Actually, I would expect the shootings to generate higher sales of SWHC products. If there are madmen on the loose, best be armed and able to defend yourself.
True, and I considered that. However, the initial pressure seems to be to the downside.
I will look at the 13s to buy back.
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