Fooldom Knows, Now the Masses Know: Yahoo Frontpage Headline: Historic U.S. bullet shortage
MY COMMENT: I have limited bandwidth and time, so I cannot address Downwithinfidels blog post. I liked his portfolio when he was negative in points and said so in my post:
#3) On September 17, 2008 at 7:30 PM, abitare
I should make my point more clear:
Is a trade to consider and copying DownWithInfidels Portfolio at this point seems to be a good idea to me.
But it is as good as time as any to short his portfolio now, the more he climbs the more he talks, the larger short position you can take on his portfolio. I am net cash, my only long position is ammo makers. You know why already...ammo cannot be printed by computers, works as a medium of exchange, there is no Wallstreet leveraged insolvent banks gaming the system etc...
The consumer is NOT dead...Americans are buying ammo
The masses now know...time to ride this crazy train!
Yahoo Front Page Headline tells the Masses, what the Classes of Fooldom Know:
America armed, but guns not necessarily loaded
By MARY FOSTER, Associated Press Writer Mary Foster, Associated Press Writer – Wed Sep 23, 2:51 pm ET
NEW ORLEANS – Bullet-makers are working around the clock, seven days a week, and still can't keep up with the nation's demand for ammunition.
Shooting ranges, gun dealers and bullet manufacturers say they have never seen such shortages. Bullets, especially for handguns, have been scarce for months because gun enthusiasts are stocking up on ammo, in part because they fear President Barack Obama and the Democratic-controlled Congress will pass antigun legislation — even though nothing specific has been proposed and the president last month signed a law allowing people to carry loaded guns in national parks.
"If someone wants to shoot on the weekend you have to worry about having the ammunition for them. And I know some people aren't buying to use it at the range, they're taking it home and hoarding it."
With demand, prices have also risen.
"Used to be gold, but now lead is the most expensive metal," said Donald Richards, 37, who was stocking up at the Jefferson store. "And worth every penny."
Fool Knows: The Gun Craze is Just Getting Started (Part 2). Guns: A Better Buy Than Stocks
April 16, 2009 – Comments (8) | RELATED TICKERS: SWHC , RGR , OLN
Lets review my 25 March 09 post. CHANGES IN BOLD
I know Fools that followed me into this trade are wondering when to get out of it. SWHC is up over 110% since I posted on it 17 Feb 09.
I took out some of my leveraged, but I am not getting out of this trade based on a price, but more on a time line or specific events I expect to see in the coming months.
My WAG is the gun craze is just getting started, in 6-12 months it will get nuts, IMHO
Some things I am looking for:
1. You will see people camping outside of sporting good stores waiting for ammo shipments