Got a hit on investment alert which is an alert that triggers when the stock shows signals that it will rise within the next month. The plan, grab an options that expire in Feb, hold for the ride and sell high. Would like to see us break the down trend first. I will be watching the open.
Nice call on this one back up n Dec. It’s at a 3 year high now and there is a MA crossover on the daily chart. Time for a downturn?
montybrewster
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Your alert had impeccable timing. We broke it in a big way thanks to yesterday's upgrades and increased price targets. Store ammo shelves remain empty everywhere, and they sell out as soon as any inventory arrives. Back in March, I received a photo from a friend of an empty shelf at Academy Sports. I asked why he sent me a photo of an empty shelf, and he replied "no ammo anywhere." I immediately bought VSTO, SWBI, RGR and OLN and remain long all four though with reduced positions and am now playing with house money. I'd like to pick up some more once the stock's pop subsides because fundamentally the company is in a terrific position with both firearms business and all its outdoor sports brands. What's your price target for VSTO? I think we could see it test the ATH in the coming months because long-time gun owners want to add to their inventory, new gun-owners need ammo to practice and the potential for more stringent gun control laws all provide a bullish case for VSTO, and then there's the boom in outdoor activities.