Monday, June 13, 2016

Gun Stocks Soar

While our thoughts and prayers go out to the families and victims in Orlando there is always a plus for someone else. 

Today shareholders of Smith & Wesson(SWHC), and Sturm Ruger(RGR) are trading to the upside. This is pretty normal after a tragedy such as this.  It's usually figured there will be a short term spike in sales as people fear stricter gun laws will be coming down the pipeline. At least that's what the media states overall.  

I had written about SWHC before regarding my previous ownership.  It's a well run company that's for sure.  However one could make a pretty decent living if they decided to trade the company if you could gauge sentiment and read the tech's correctly.

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