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The gun trade is still on two days after the election with both Sturm, Ruger (
) and Smith & Wesson (
) 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.
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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?
Nov 8, 2012. 02:18 PM
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