Official Let's Make Some Money Off Stocks Thread
12-29-2008, 01:50 PM
#1833
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Cabela's (CAB) was down 23% today on basically no news. I bought some around midday. As far as I can tell, it looks like it was due to tax-loss selling combined with general fears about specialty retailers.
This specialty retailer sells camping and hunting gear - including GUNS and AMMO, and LOTS OF THEM. I don't know if any of you have a Cabela's retail store near you, but I was at the one in PA last weekend, and it was packed. There was barely anywhere to park in the lot. There was a line 20+ people deep to get to the firearms counter to buy guns and ammo.
Ever since the elections and the economic meltdown, there has been a massive spike in the sales of firearms and ammo. Firearms retail prices both new and used are inflated right now. Cabelas sells new guns, used guns, ammo, and other gun gear. I believe Cablea's will see massive benefits from the FUD about both potential future gun legislation and the deteriorated economic environment.
Andrew
This specialty retailer sells camping and hunting gear - including GUNS and AMMO, and LOTS OF THEM. I don't know if any of you have a Cabela's retail store near you, but I was at the one in PA last weekend, and it was packed. There was barely anywhere to park in the lot. There was a line 20+ people deep to get to the firearms counter to buy guns and ammo.
Ever since the elections and the economic meltdown, there has been a massive spike in the sales of firearms and ammo. Firearms retail prices both new and used are inflated right now. Cabelas sells new guns, used guns, ammo, and other gun gear. I believe Cablea's will see massive benefits from the FUD about both potential future gun legislation and the deteriorated economic environment.
Andrew
01-04-2009, 09:42 AM
#1838
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Originally Posted by aklucsarits' date='Dec 29 2008, 03:50 PM
Cabela's (CAB) was down 23% today on basically no news. I bought some around midday. As far as I can tell, it looks like it was due to tax-loss selling combined with general fears about specialty retailers.
This specialty retailer sells camping and hunting gear - including GUNS and AMMO, and LOTS OF THEM. I don't know if any of you have a Cabela's retail store near you, but I was at the one in PA last weekend, and it was packed. There was barely anywhere to park in the lot. There was a line 20+ people deep to get to the firearms counter to buy guns and ammo.
Ever since the elections and the economic meltdown, there has been a massive spike in the sales of firearms and ammo. Firearms retail prices both new and used are inflated right now. Cabelas sells new guns, used guns, ammo, and other gun gear. I believe Cablea's will see massive benefits from the FUD about both potential future gun legislation and the deteriorated economic environment.
Andrew
This specialty retailer sells camping and hunting gear - including GUNS and AMMO, and LOTS OF THEM. I don't know if any of you have a Cabela's retail store near you, but I was at the one in PA last weekend, and it was packed. There was barely anywhere to park in the lot. There was a line 20+ people deep to get to the firearms counter to buy guns and ammo.
Ever since the elections and the economic meltdown, there has been a massive spike in the sales of firearms and ammo. Firearms retail prices both new and used are inflated right now. Cabelas sells new guns, used guns, ammo, and other gun gear. I believe Cablea's will see massive benefits from the FUD about both potential future gun legislation and the deteriorated economic environment.
Andrew
01-05-2009, 04:52 AM
#1839
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^^^ I'm not one to brag, because there is a lot of luck involved in short term price moves, but CAB is up more than 20% in the 3 trading days since I posted that. 
It looks like that 23% drop that day really was on no news at all. Probably just a lot of tax loss selling...
I plan to keep CAB and sell on the news of any pending gun restriction legislation if/when that happens.
Andrew
It looks like that 23% drop that day really was on no news at all. Probably just a lot of tax loss selling...
I plan to keep CAB and sell on the news of any pending gun restriction legislation if/when that happens.
Andrew
