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Shares of Sturm Ruger (RGR) trim 5.1% as the stock now stands down 27% for the month after...

Shares of Sturm Ruger (RGR) trim 5.1% as the stock now stands down 27% for the month after momentum was stopped in its tracks when the company announced it had to stop taking orders as it couldn't keep up with gun demand. Zacks' Brian Bolan sees the selloff as overdone, noting high demand isn't such a bad problem to have after all.
Comments (4)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Hey, they paid a shitload of FRN's for that education. Absolutely, stopping new orders in a demand tsunami is not good.. This stock should be down 20%.
    17 May 2012, 11:28 AM Reply Like
  • mikenelsonre@live.com
    , contributor
    Comments (2) | Send Message
     
    I sold RGR because, projected earnings are negative, price/volume was, and is, not good and because insiders/institutions were/are selling. I have two criteria for selling, one is a 20% trailing stop, and the other are the three criteria above, earnings negative, price/volume negative and insider/institutional selling. No emotions, move on to the next stock.
    17 May 2012, 11:55 AM Reply Like
  • labas112
    , contributor
    Comments (367) | Send Message
     
    It isn't just RGR but SWHC is down about the same. It is way oversold and on no news. They stopped taking orders a while ago prior to reporting and are resuming orders now.
    17 May 2012, 12:00 PM Reply Like
  • Andrew Hill
    , contributor
    Comment (1) | Send Message
     
    The gun industry is selling every product it can produce and RGR upgraded production abilities during this time of increased cash flow. New offerings are strong sellers and will continue to be. SWHC will have increased numbers as well.
    17 May 2012, 10:40 PM Reply Like
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