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Thread: Smith & Wesson stock takes a hit...

  1. #1
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    Smith & Wesson stock takes a hit...

    Does this mean the gun buying panic is officially over?

    "Shares of Smith & Wesson Brands Inc. plummeted 29.9% in afternoon trading Friday, putting them on track for their biggest one-day selloff since March 2020. The gun maker reported after Thursday's closing bell fiscal second-quarter profit and revenue that missed expectations, demand levels declined from pandemic-related highs, and the stock ended Thursday's after-hours session with a decline of about 15%."

    "The stock fell even further after Friday's open, after the parents who bought the gun used by their son to kill four students at Michigan school were charged with involuntary manslaughter. The stock, which was on track for the lowest close since March 5, has now plunged 54.7% since closing at a record $35.40 on July 1. Shares of fellow firearms maker Strum Ruger & Co. tumbled 11.1% toward the lowest close since Jan. 29, and have now lost 29.3% since closing at a record $89.98 on June 30. Year to date, Smith & Wesson shares have lost 9.6% and Sturm Ruger's stock has slipped 2.3%, while the S&P 500 has gained 20.1%."

    https://www.msn.com/en-us/money/mark...?ocid=msedgntp
    Last edited by Slater; 12-03-21 at 17:00.

  2. #2
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    Last few days market has been taking huge hits
    Inflation the covid scare the manipulation time of year typical crap

    Heat maps last couple days are insane red also crypto etc...

    Today down
    Dow
    S&P
    Tesla
    Google
    Apple


    The % is large though but could be other things with guns and remember who are the wealthy manipulators the left

    Most the market info sites are from far left leaning FUD spreading garbage info meant to sway people and paper hand people

    Quote Originally Posted by Slater View Post
    Does this mean the gun buying panic is officially over?

    "Shares of Smith & Wesson Brands Inc. plummeted 29.9% in afternoon trading Friday, putting them on track for their biggest one-day selloff since March 2020. The gun maker reported after Thursday's closing bell fiscal second-quarter profit and revenue that missed expectations, demand levels declined from pandemic-related highs, and the stock ended Thursday's after-hours session with a decline of about 15%."

    "The stock fell even further after Friday's open, after the parents who bought the gun used by their son to kill four students at Michigan school were charged with involuntary manslaughter. The stock, which was on track for the lowest close since March 5, has now plunged 54.7% since closing at a record $35.40 on July 1. Shares of fellow firearms maker Strum Ruger & Co. tumbled 11.1% toward the lowest close since Jan. 29, and have now lost 29.3% since closing at a record $89.98 on June 30. Year to date, Smith & Wesson shares have lost 9.6% and Sturm Ruger's stock has slipped 2.3%, while the S&P 500 has gained 20.1%."

    https://www.msn.com/en-us/money/mark...?ocid=msedgntp
    Last edited by Honu; 12-03-21 at 17:06.

  3. #3
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    Buy the dip.
    We interrupt this programme to bring you an important news bulletin: the suspect in the Happy Times All-Girl Glee Club slaying has fled the scene and has managed to elude the police. He is armed and dangerous, and has been spotted in the West Side area, armed with a meat cleaver in one hand and his genitals in the other...

  4. #4
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    Build back better.


    Let's go Brandon!

    Sent from my SM-G991U using Tapatalk

  5. #5
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    This is a clown world we live in.
    Could we at least stay consistent and have Chevy’s stock take a hit when a drunk NFL player crashes his ‘Vette going 150+ and kills a woman?

    They were marketed for speed, right?
    Do you even get down innagrass, bro?

  6. #6
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    All the big players are selling. Buffet has @$150 billion in cash. Musk and his brother has dumped their shares. They know something is coming. I don't think this is a dip. Not yet anyway. When they start buying it up again, that is the dip.

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