Skip to comments.Gun stocks rise as gun control push launched
Posted on 01/16/2013 9:41:45 AM PST by illiac
SAN FRANCISCO (MarketWatch) -- Shares of gunmakers Sturm Ruger & Co. /quotes/zigman/242215/quotes/nls/rgr RGR +4.02% and Smith & Wesson Holding Corp. /quotes/zigman/87396/quotes/nls/swhc SWHC +3.32% rose on Wednesday after President Barack Obama announced a series of gun control steps. Ruger shares were up 3.5% at $49.67 and Smith & Wesson rose 3.8% to $8.75 as Obama laid out the measures. The push for greater gun control follows the massacre last month of children and staff at the Sandy Hook elementary school in Newtown, Conn
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I own both RGR and SWHC so I’m not complaining but can someone tell me why people would buy NOW? I just don’t get it. I would think people would short the stock?
cases of ammo are flying out the doors at gunshows.. the buyers thereof know how far O will go to get his way.. regardless what a majority think of his works or have been fooled so far, to call this latest gun grab anything less than an open assault on the 2nd amendment or the precursor to one is an understatement.
God Bless this nation in its hour of need and send forth voices of reason and raise dissent in the House , Senate and Courts. More than the children is at risk.
Well, after the “Speech” I can’t give any advice. Nothing there to cause me to panic. Since stock is based on future value it could be time to unload. Things may be back to normal by summer.
Was at a local sporting goods store yesterday....could not get close to the gun counter or ammo and the stocks of both are rapidly disappearing....
And here people thought I was crazy for pitching to open my own ammunition factory. I realized that guns are basically useless if you have no rounds to put through them. Witness the empty shelves after the Sandy Hook massacre as an example. You might as well use your gun as a billy club once the ammo runs out. Fortunately for me, I kept those abilities, and will use them to my advantage. Working in the machine tool industry definitely has its perks.
Banning private sales is the most alarming proposal.
Of course, enforceing the banning of private sales is another matter.
I really didn’t see that. Telling someone how to perform a background check and making them do it are two different things. Nothing about ID requirement or anything. John Doe, and Joe Blow will have a lot of background checks.
NYC pension funds are selling off any of their firearms related stocks. That’s not going to help.
I think every patriotic American should go online and buy at least one share of every American Gun manufacturer stock. This should be a statement rather than a mere investment.
If American Gun owners purchased just one share for every gun they own, you would have a movement of 300,000,000 shares of stock. If you get in early your stock will have nowhere to go but up.
Ruger ought to move out of New York as fast as possible.
Has anyone checked to see how much Gun Company stock that vile leech George Soros owns or will soon NOT be owning????
Soon it won’t be the gun stocks, but the gun barrels that are rising...
Because Congress hasn’t weighed in yet.
Now THAT is some of the BEST advice ruger and the American people can get...Put some pain on the pocket book of new york and see how they like it..!!