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May 14, 2010 – Comments (11) | RELATED TICKERS: SWHC

So I am looking at Smith & Wesson Holding (SWHC). I have not done a single drop of fundamental analysis on this company and I had not looked at their chart in years (back when it was crashing). But I am looking at it now, and it looks good. Real good. "Good. Bad. I'm the guy with the gun." And in this case, it looks like guns are good.



ENLARGE

This chart has definitely piqued my interest.

Shop smart. Shop S(WHC)-Mart. You got that!

11 Comments – Post Your Own

#1) On May 14, 2010 at 2:38 PM, Griffin416 (99.97) wrote:

The only quickie fundamental thing I think you should know is the monster decline in the stock was mainly due to a large accounting scandal where they overstated profits, which scares the bejesus out of me forever especially since the team has not changed.

Secondly, I think the run up from there was due to armageddon-ists thinking people will need gun, lots of guns (Matrix quote) for the coming Obama term.

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#2) On May 14, 2010 at 2:47 PM, binve (< 20) wrote:

Griffin416 ,

Thanks for the info!..

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#3) On May 14, 2010 at 3:10 PM, ragedmaximus (< 20) wrote:

just picked some up low of the day .plus an upgrade from may 11 by wedbush from neutral to outperform

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#4) On May 14, 2010 at 3:29 PM, binve (< 20) wrote:

ragedmaximus ,

I hope that works out for you! Good luck!..

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#5) On May 14, 2010 at 4:43 PM, ragedmaximus (< 20) wrote:

hey thanks i believe in that chart stuff and never caught one right at the perfect entry point but i got like 400 shares at 4.40 and it's now up 4.48 ah so if i sell now i'm even cause the 10 buy 10 sell deal but i think monday will go up it;s been the trend these weeks friday selloff monday jump on some sorta news!

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#6) On May 14, 2010 at 4:47 PM, binve (< 20) wrote:

ragedmaximus ,

Keep in mind, that is a weekly chart I am showing, so that shows overall trend. The chandles on this weekly chart are swinging like 5-10% or so. I would never use a chart like this for a swing trade setup, but what I was showing is that the long term pattern looks bullish. Thanks!

Disclosure: I do not have a position in SWHC nor have I ever. I am just considering it at this point..

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#7) On May 17, 2010 at 10:07 AM, PDTBiotech (86.14) wrote:

I know this is pure TA so their product is a moot point, but I can't stand their guns.  I've shot several, and I absolutely hate the things.  If SIG Sauer ever goes public I'll load up on shares the way I've loaded up on ammo.  They're expanding market share in law enforcement in the US very nicely, and produce the best handguns I've shot.

+1 for quoting Ash in title.

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#8) On May 17, 2010 at 10:22 AM, binve (< 20) wrote:

PDTBiotech ,

>>I know this is pure TA so their product is a moot point, but I can't stand their guns. 

Gotcha man :) I have heard very mixed reviews on their products as well.

>>They're expanding market share in law enforcement in the US very nicely, and produce the best handguns I've shot.

Right on!

>>+1 for quoting Ash in title.

LOL! Thanks man!..

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#9) On May 17, 2010 at 1:08 PM, Mstinterestinman (23.05) wrote:

+1 For Army Of Darkness references lol

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#10) On May 17, 2010 at 1:17 PM, binve (< 20) wrote:

ozzfan1316 ,

LOL! Right on man, thanks!..

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#11) On May 17, 2010 at 1:17 PM, ragedmaximus (< 20) wrote:

hey binve i bought friday at 4,40 and sold at 9.30 am at 4.48 cause I had a funny feeling about the market tanking so i made 12 whole dollars after my broker made 20 ha. I had a bad feeling about today after looking at the euro crap on the news this morning

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