Skip to comments.Gun stocks lag after gun control bill fails
Posted on 04/18/2013 8:10:52 PM PDT by lump in the melting pot
The U.S. Senate's defeat of the gun control bill could deal a surprising blow to the gun industry.
On Thursday, the first full trading session since the bill was defeated, gun stocks lagged, and analysts fear this might be part of a wider trend.
(Excerpt) Read more at money.cnn.com ...
Lagged fdrom astronomical highs?
CNN Money. LOL! They wish.
Do you know if there was an amendment added to the bill yesterday that would have been a ban on high capacity mags?
Wow! Obama and his crew are geniuses!
They wrote a bill that pretended to do something but was doomed to fail.
People then have a lowered fear of gun-grabbers and buy a lot less weapons and ammo, causing the gun makers to go out of business. /s
Now’s the time to buy.
“Do you know if there was an amendment added to the bill yesterday that would have been a ban on high capacity mags?”
There was one to ban those mags, but it failed.
And now you know why arms and munitions manufacturers didn’t rush out to spend capital resources on expanding production. The drop in demand would have wiped of these companies. Instead, they allowed the market to set prices and temper demand. Let us return to normalcy.
OK, where’s the 5.56mm, the 7.62 NATO, the .22lr, the 30-06....
I’ll take market forces over government intrusion any day, but....all right, let’s wait a few days & see if the store shelves start to fill up again.
Thanks, finally found the info that the amendment was defeated prior to vote on the bill. After I asked of course. :)
You could buy it now, you just can't afford it. There's plenty showing on gunbot, the cheapest being $150 a brick. Most expensive is 58¢ a round. Which, coincidentally is the same price I paid last night for a case of 5.56.
I've taken to practicing with the AR and the 30-30. For 58¢ a round I want to feel like I'm getting more bang for my buck (pun intended).
Smith and Wesson closed up 14 cents. If this is lagging, I am all for it. Ruger was only down 70 cents.
Actually, compared to a couple of months ago, there is a lot of .223/5.56 out there. Price isn’t very palatable, but at least it’s more available.
That’s O.K., what CNN doesn’t realize is that the stocks we buy have steel barrels...and pay dividends with diversified expenditures in volatile market scenarios.
Damn...maybe now I can buy some ammo....
... and pushing precious metals.
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