Sturm Ruger the Only Stock That's Up

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Eagle103

Eagle103

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Was just watching some CNBC and it came out that the only stock setting a new 52 week high today was Sturm Ruger while there were over 400 stocks setting new 52 week lows. Liberal politics at work in the real world.
 
Actually, Smith & Wesson (SWHC) has been doing better, too - but yes, Ruger (RGR) is definately on the rise.
 
Correction. The 52 week high was on Friday's session. Ruger and S&W are both getting hammered today. I don't know were this will end up folks but the Dow is now over 50% off the highs and still heading south, along with the rest of the economy. Those of us who stocked up on guns, ammo, and reloading supplies are looking smarter all the time. We're all just paranoid though.:rolleyes:
 
Actually, we're not down to the 50% off point yet. The high point for the last year was 13191 which puts the 50% at 6595. I suspect we have a little more to go, followed by a lot of wallowing around at 6500 for a few weeks, then it will torturously climb upward again. Anyway, just one man's WAG...

Ruger isn't very far off their 52 week high, although they are way off their historical highs... curious....
 
hahahaha all the gun owners that bought stock in those two just heard it was up from that report and decided to SELL SELL SELL for profit, so they could go buy more guns and ammo!
 
Actually, we're not down to the 50% off point yet. The high point for the last year was 13191 which puts the 50% at 6595.
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Go back a little further and the Dow closed at 14,164 on 10/9/07. Right now we're at 6,806 for a decline of 52%. I listen to some of the "gloom and doomers" such as Peter Schiff, Gerald Celente, and Jim Rogers. So far they seem to be the only ones with a clue as to what's really going on. Schiff says gold may well end up priced the same as the Dow at some point in the future.:eek: Rebuilding from our service based economy back to a manufacturing one is going to be painful at best and may never happen at all if the politicians keep trying to "fix" things.
 
Meh, Ruger dropped 9.7% today, granted it was previously just $.07 below the 52 week high, but still.
S&W dropped 14.4%...

Of course, today's 300-point drop on the Dow had something to do with that...
 
Just as the previous bull market hit a foaming frenzy, I think that the bottom will be hit in similar fashion. One day people will wake up and realize that through all of this chaos/mob mentality it will be time to rebuild and move one. Not end of days type of stuff but I am referring to the figurative in the market.
 
dd66

Just as the previous bull market hit a foaming frenzy, I think that the bottom will be hit in similar fashion. One day people will wake up and realize that through all of this chaos/mob mentality it will be time to rebuild and move one. Not end of days type of stuff but I am referring to the figurative in the market.
Click to expand...

I suspect you are right, but the interim sure sucks.
 
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