Is Obama as dumb as he seems? Doesn’t he realize that every time he goes on TV and calls for some type of gun control, the sale of guns and ammo skyrockets?
Submitted by Tyler Durden on 12/07/2015 11:55 -0500
Following President Obama’s speech last night, Smith & Wesson is up 7.75% today (its best day in 4 months) and Sturm Ruger is up 8.25% today (most in 8 months)…
And the year-to-date gains are incredible…
So thanks Obama: courtesy of your inept approach to resolving every social issue not to mention your naive, recurring attempts to uproot the Second Amendment, you are making the US safer one teleprompted, faux-emotional speech at a time. Granted, everyone knows that was not your intention, but the public will take whatever it can.
So what changed? Why did Americans suddenly start getting more interested in guns in and around the end of 2008?
We need guns to stop the gun grabbers.
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“If guns ‘aren’t in the stores, they can’t be bought.”
Rep. Carolyn McCarthy.
Yes, she’s a democrat.
@card, two words to the silly mouth breathing libtard McCarthy …machine shop.
All ill say is “80% lowers”
So what changed? Why did Americans suddenly start getting more interested in guns in and around the end of 2008?
We got introduced to O. Got to know him a little.
Smith & Wesson’s stock extends surge ahead of results
By Tomi Kilgore
Published: Dec 8, 2015 3:48 p.m. ET
Smith & Wesson Holding Corp.’s stock SWHC, +4.99% jumped 4.5% in afternoon trade to a more than eight-year high, as investors awaited the gun maker’s fiscal second-quarter results due after the closing bell. The stock has soared 16% amid a three-session win streak, with President Barack Obama’s call for a modest reduction in the availability of firearms over the weekend helping fuel the gains, by sparking concerns about the potential supply of guns. The options market is prepared for the company’s results to produce a lot of volatility in the stock. A strategy known as a straddle, which involves the simultaneous buying of bullish and bearish options, is pricing in a one-day, post-results move of about 9.9%, in either direction; the average move following the past 10 quarterly reports was 7.5%, according to FactSet. The stock is on track to close at the highest level since Oct. 24, 2007. Analysts surveyed by FactSet expect, on average, earnings per share to rise to 20 cents from 9 cents a year ago, and revenue to increase to $138.8 million from $108.4 million.