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The Senate Judiciary Committee approves a ban on assault weapons and high-capacity ammunition...

The Senate Judiciary Committee approves a ban on assault weapons and high-capacity ammunition clips with the votes coming down the party line 10 to 8. Shares of Sturm Ruger (RGR -1.9%) and Smith & Wesson (SWHC -1.4%) both trade lower for the day.
Comments (4)
  • Time for a new SJC....wake up America.
    14 Mar 2013, 11:16 AM Reply Like
  • This is your bottom, buy it up cause it will never pass the Senate.
    14 Mar 2013, 11:16 AM Reply Like
  • become greedy when others are scared :)
    14 Mar 2013, 02:00 PM Reply Like
  • Which works both ways. Become scared when others are greedy. Very few commenters have anything negative to say, which should be a concern. We all expected a little profit taking after earnings, but the price has continued to drop. What's the next big catalyst for gains? Earnings in three months? Too many black swan events can happen between then and now. The risks finally outweigh the benefit, which is why I got out today. I will continue to watch, however. If this drops into the mid-8's, I'll probably get back in -- especially if it's in the month prior to the next earnings announcement. I hope for everybody else's sake I'm wrong on this one.
    14 Mar 2013, 04:05 PM Reply Like
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