Word: colts
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...happy to claim some credit for Smith & Wesson's decision. "The White House is saying the deal was forced in part by their threats to join the existing lawsuits against gun makers," says TIME White House correspondent Jay Branegan. Now that the nation's largest gun manufacturer has joined Colt in a deal with the government, will other, smaller gun makers head to Washington as well, ready to cut a bargain? "It's quite possible," says Branegan. This spirit of compromise won't sit well with the NRA, whose position has only grown more stringent over the past few months...
Having earlier entered a sell-limit order of $6.50 a share, Colt quickly sells his stock and rakes in more than $41,000. His friends and family also profit...
...stock had dropped to $3.25 a share, stinging many investors. In a week it was back above a dollar, inspiring Colt to "laugh all the way to the bank...
...Colt first hypes the stock on various Internet message boards before naming it favorite pick on his own bogus stock-selection website, Fast-Trades.com...
...price skyrockets. By 2:45 p.m., when Colt posts the stock on Fast-Trade, 100,000 shares had been traded. In half an hour it rises to an intraday high...