What a wild ride with this stock? A year ago I recommended this stock to free subscribers and we saw the stock go from $21.50 (initiation price) to a high of $31.19 in just a short few weeks. Netting traders an all around solid gain.
Since hitting that high back in August of 2016; shares of $AOBC has taken a nose bleeding nose dive and the stock currently trades at $18.41. How did we get here?
The election of a new POTUS? The silence of the gun control lobbyists? Maybe sales have been a little sluggish? Maybe it’s a combination of those things or none of the above.
But for us traders/investors the question remains, “is it time to pull the trigger?”
Should we sell this laggard since its currently down more than 40% from its high or should we buy this beaten down gem?
ShortMeTina has every intentions on buying this stock; but only when the price is right.
Tina Lashley holds a Bachelor of Arts in Forensic Psychology and a Master's of Science in Mental Health Counseling and has been a stock market participant for over a decade. Currently a Full-Time Trader and Blogger of all things financial.