Posted on 06/28/2010 4:55:15 PM PDT by Second Amendment First
Shares of famed firearms maker Smith & Wesson Holding Corp. (SWHC) climbed Monday after the U.S. Supreme Court said the right to bear arms is a fundamental right that states are bound to protect.
The 5-4 ruling was written by Justice Samuel Alito who said "self-defense is a basic right," and that the framers of the Constitution believed the right to own guns is "necessary to our system of ordered liberty."
The ruling elevated the right to bear arms to the status of rights that state laws can't impede upon, a headline that was certain to lift enthusiasm for gunmakers. Smith & Wesson was recently up 3.4% to $4.24 on more than three times its typical trading volumes. At one point, it had gained 5.6%.
Sturm Ruger & Co. (RGR) was up 1% to $15.21 after earlier rising as much as 3.8% after the ruling was announced.
(Excerpt) Read more at online.wsj.com ...
Now if they could just add speech and life, we'd really be cooking!
*ping*
Another 5-4 ruling, ay? So 5 want to uphold the Constitutions 2nd Amendment and the other 4 tyrants want to dispose of it. Defeat leftists everywhere!
Excellent News! Not good that it’s a 5-4 decision when it should, clearly, be 9-0 unanimous. But, we’ll take the little victories.
Now, we’ll see how Daly and his crew of crooks, miscreants, and fraudsters manage to trample this one...
Excellent.
*BLAM*
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