Seeking Alpha

The gun trade is still on two days after the election with both Sturm, Ruger (RGR +8.3%) and...

The gun trade is still on two days after the election with both Sturm, Ruger (RGR +8.3%) and Smith & Wesson (SWHC +3.4%) carving out healthy gains again. Technical traders say the move is just the start of a multi-month rally, while fundamental-leaning traders see some risk on the downside if the fiscal cliff gets resolved.
Comments (2)
  • griffin8
    , contributor
    Comment (1) | Send Message
     
    Re RGR Other than the recent raising of the PT and the election, could this move be a short squeeze? TDAmeritrade states that the Short Interest as of 10/15/12 was 41.52% of float?
    8 Nov 2012, 02:18 PM Reply Like
  • itinerantinvestor
    , contributor
    Comments (48) | Send Message
     
    Smart money is getting out of RGR and SWHC. They are way ahead of themselves.
    8 Nov 2012, 03:25 PM Reply Like
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