June 02, 2006

Smith and Wesson (SWB) - I feel lucky punks!

The Smith and Wesson chart showed up on Maoxian a few days ago . It is pushing past all-time highs and fits the bill for my equity account right now.

I have nibbled on a little. It is a low priced stock with low volume. My stop is $5.20, so I have given it a wide berth and lowered my position size. I may add more in a pullback to the high 6's if and when that happens.

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