NEW YORK (TheStreet) -- Not every stock an investor owns is in the precise kind of business where the majority wants to invest.
Right now not even the most popular stocks with the most popular products are setting new stock price records.
All I can say is "go figure!" I sold my shares of NYX at $32.17 Thursday and I won't look back.Back on Nov. 2 I recommended in investors begin accumulating NYX when it was around $25.30 per share. Just to keep me humble the stock proceeded to correct and hit an intraday low of $22.25 on Nov. 14. Even a broken clock is right twice a day so seeing NYX ascend above $33 Thursday seemed like cruel irony, considering the Mayan calendar supposedly tells us that the world as we know it will be ending today. As Shakespeare wrote in Hamlet, there's a time when every investor suffers "the slings and arrows of outrageous fortune" and asks that ambivalent question, "To be or not to be?" Before I get too eloquent, there's another investment theme unpopular right now and has some negative feelings attached. With the recent tragedies each involving what appears to be one rogue gunman wreaking havoc, the idea of investing in firearm companies isn't a very popular one. Putting emotions aside, one can't help notice a monumental demand for firearms and ammo. One headline sums it all up: Guns Sold Out at Wal-Mart as Ammo-Magazine Sales Surge. That may indicate a good buying opportunity for WMT and EBAY, but from my perspective it opens the way for a better investment idea with Sturm, Ruger (RGR). In the aftermath of the November elections and the recent mass tragedies there's obviously a kind of anti-crime, pro-2nd Amendment to the U.S. Constitution surge. One friend told me recently he went to Dick's Sporting Goods (DKS) to buy some hollow-point bullets for his target pistol and was told they'd been sold out for two days. When asked when new supplies would arrive the salesperson said, "Soon, we hope."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV