Trades

I sold 125 shares of Smith & Wesson (SWBI) @ $16.8803. I still own 145 shares. I was up 122% on the position and it had grown to 10% of my account. I took it back down to 5%. I still don’t think that the run for this stock is over, as gun sales are likely to be strong.

I bought 350 shares of Friedman Industries (FRD) @ $4.9899, which is below net current asset value and 50% of tangible book.

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