I was wrong about the stock market with gold and guns in the sense that it would somewhere “safe” for the short term because apparently there are a lot of market makers actively shorting the markets to drive things down and try to keep companies that are showing a profit from rising. One of the situations was with Ruger (RGR). They had a great quarter and the stock was hit hard. It went from a low volume to a million or so shares and it see sawed down all over the map once earnings were released.
It was a little too aggressive a drop for sell on the news.
Watch your money, people.
and Happy Birthday, Sharren! You aren’t a mess!
Oct 29 2009
Kim Isaac Greenblatt
Everything Is A Mess Again
Tags: Business