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Time to Pull Trigger on Smith & Wesson

This column was originally published on RealMoney on Aug. 12 at 8:15 a.m. EDT. It's being republished as a bonus for readers.

As I wrap up a long two weeks on the road, a few thoughts cross my mind...

  • When you're traveling, you absolutely have to work out every day. I hate dragging my behind onto those machines, but with all the food you consume on the road, the only alternative is to return home with some sizable baggage around your midsection.
  • A high-speed network is now a must-have at any hotel in which I stay. Dial-up just won't do any more.
  • I love getting emails from readers. I can't respond to most, but I do read them all. However, please refrain from asking me for specific advice on a stock. The SEC says I can't tread there.
  • I hate playing a new course with strangers and having them ask me my handicap. I'm low enough so that expectations are always that I'll crack my first drive 300 right down the middle and then hole out from the fairway. It's then embarrassing to step up to the plate and hit that low pull-hook that travels about 180 yards out of bounds.
  • How cool is it that someone can take digital pictures of a trip, send them around, and then you can print them off in quality good enough to frame!
  • Not much to say about the market, because basically it's doing that sideways-frustrating thing!
  • Today, charts for the Nasdaq Composite Index (Nasdaq), Smith & Wesson (SWB), Forward Industries (FORD), ArQule (ARQL), (NTES) and Accenture (ACN).

    And that is the final word from Baltusrol, where despite his protestations and with an opening 75, Tiger is wavering on the "no chance" line. But you can't help rooting for Phil at this point.

    Please note that due to factors including low market capitalization and/or insufficient public float, we consider Smith & Wesson, Forward Industries and ArQule to be small-cap stocks. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.

    P.S. from Editor-in-Chief, Dave Morrow:
    It's always been my opinion that it pays to have more -- not fewer -- expert market views and analyses when you're making investing or trading decisions. That's why I recommend you take advantage of our free trial offer to RealMoney premium Web site, where you'll get in-depth commentary and money-making strategies from over 50 Wall Street pros, including Jim Cramer. Take my advice -- try it now.

    Charts produced by TC2000, which is a registered trademark of Worden Brothers Inc.

    Gary B. Smith is a freelance writer who trades for his own account from his Maryland home using technical analysis. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Smith writes a daily technical analysis column for and also produces a daily premium product for called The Chartman's Top Stocks -- click here for a free two-week trial. While Gary cannot provide investment advice or recommendations, he appreciates your feedback; click here to send him an email.

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