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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (47345)4/8/2012 6:51:23 AM
From: Ditchdigger  Read Replies (1) | Respond to of 78767
 
Not sure if you all caught this blurb--
"It was all a bit surreal, and Johnny Chicago was soon left by himself, but the vignette came to mind during the week with the news that Sturm Ruger (ticker: RGR), a major American gun maker, had stopped taking new orders because it couldn't keep up with demand. The stock prices of gun makers are like sleeper hits.Sturm Ruger's stock is up 53% this year, and Smith & Wesson's (SWHC) is up 90%. During the week, a recommendation was made to buy calls on gun shares to profit from the momentum and fear-induced rally. The trades feel right as long as the National Rifle Association keeps telling members that President Obama's second term will undermine the Second Amendment. A friend who reloads ammunition says it's getting harder to buy primers, the little caps seated in brass cartridges that ignite and propel bullets. He says a run on primers suggests stockpiling and fear."

online.barrons.com