I normally don't get into speculation, but I can't resist this one. Sometime this spring the Supreme Court will rule whether or not Washington DC can ban handguns outright. If the SC rules that they can, no doubt other large cities will institute handgun bans as well which will set off a rush to buy handguns before bans go into effect. If they rule in favor of the Constitution, as I believe they will, the stock will likely level off after the run up in speculation this spring. However, if a democrat is elected president, I see it taking off again after this fall and the start of '09.
I see this as a high risk speculative play which is normally outside of my realm of comfort but this one has too much upside potential, and little downside since it's been beat to bloody hell since fall '07, for me to ignore.
$5.55 (02/14/08)
