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I took a chance

Thread in 'Finance / Investing' started by MrJim, Jul 29, 2020.

  1. MrJim

    MrJim ODT Junkie! Supporter

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    In September of 16 I bought Smith & Wesson stock expecting hillary to win and making me some money. Well Trump won and I lost big time. Stock tumbled from $26+ a share to like $6 a share. Now it back to $24+. My wife kept telling me it was a small price to pay for Hillary not being president. I thought she was right. Now if it can only keep going up and make me some money.
     
  2. Kahrnut

    Kahrnut The Hen that laid the Golden Legos

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  3. Hayata

    Hayata Knock it off with them negative waves Moriarity!

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    Did they pay any dividends?
     
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  4. spencer60

    spencer60 The Hen that laid the Golden Legos Supporter

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    I'm guessing that's in reaction to Remington going Ch 11.

    So when SWHC was split off from AOBC did you get shares in both?
     
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  5. Glock 21

    Glock 21 The Hen that laid the Golden Legos Supporter

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    Should have been buying more to average down you could already have turned a profit
     
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  6. CAMSDADDY

    CAMSDADDY The Hen that laid the Golden Legos Supporter

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    I looked at Smith but didn't pull the trigger. I did buy Vista outdoors and have had similar results. I wish I had S&W as well.
     
  7. MrJim

    MrJim ODT Junkie! Supporter

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    You know I never really paid attention. That account I usually just look at the overall value on the statement and pitch it. It is part of a old 401k. I know I should do better watching my accounts but really only go through my statements that are not tied to 401k or IRA. Those I just look at the value.
     
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  8. spencer60

    spencer60 The Hen that laid the Golden Legos Supporter

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    The only gun company I own right now is Ruger. They perform well on an annual basis, and they have zero debt. When they hit a home run it shows up in the dividend, and when panics happen they are an easy stock for people to buy into.

    I just wish I'd realized how good a company they were when the stock was $5 a share, rather than when it was $20.
     
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  9. atltrader

    atltrader ODT Junkie! Supporter

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    I bought into S&W a few months back at around $15/share and have been happy so far with the results. I'm hoping for their to be a little more runway over the next few months but we'll see. One gun related stock I have been surprised to see flatten out is the Olin Corp (OLN) who make Winchester ammo among other things. Hopefully that one will get going to better days ahead.
     
    MrJim likes this.
  10. MrJim

    MrJim ODT Junkie! Supporter

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    You should be pleased. Closed at $25 today. At one point this week it was $27