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A man must keep his word - buying SWB

By David Randolph · May 10, 2005 · 1 min read · 250 views

If conditions were to set up right, I promissed saffeysite1 to buy SWB. Today I'll keep the promise and buy at the open.

Smith & Wesson Holding Corporation (SWB). The Group's principal activities are to manufacture and distribute handguns, which includes revolvers and pistols.

Saffeysite said people like their guns. I don't know about that, but the chart tells me to believe. So, I'm a believer. Look at this:

A new all time high for SWB. Volume is not very high, but that doesn't mean the stock won't continue hedging higher, in this silent mode. I think it will.

I said that if SWB closed above $3.13 I could buy and sleep well, because there's a big support, a floor for the stock just beneath my entry price.

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David Randolph
www.3stocksonfire.org

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A man must keep his word - buying SWB

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