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A Fair Fight

By Stephanie Grimmett

Friday Jul 13, 2007

Taipan Group's Dynamic Market Alert

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A high-level U.S. government "coverup" has helped a tiny company secure a virtual monopoly on a critical uranium-enrichment technology.  BreakAway Investor readers were among the first to get in on this incredible opportunity -- and they're already seeing nearly triple-digit gains!

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A Fair Fight

by Stephanie Grimmett, Managing Editor, Taipan

My home state just introduced its first gun-permit law.

With five people per square mile, we were always more worried about the mountain lions (like the one that showed up under a friend’s porch a few years ago) than we were about gun violence.

The only murder I heard about growing up was committed by what would probably be called a “transient” years before I was born, and he used a knife not a gun.

If you can’t tell, I’m from what’s still known as the “Wild West.” And everyone owns guns. It’s expected. Hunting is a normal and much appreciated sport, especially when deer season follows a particularly mild winter or whenever you’re shooting prairie dogs (they carry the plague, they eat grass, and cows can break their legs in all of those darned holes).

Without the proliferation of rifles, that aforementioned under-porch mountain lion might have snagged itself a wife and mother for breakfast. Instead, it’s now stuffed and mounted in the county courthouse (taxidermy is another popular pastime in my hometown).

Due to the low population and general cowboy code of ethics that floats around in the air, we manage to live a remarkably safe existence, if you don’t count angry bears and large man-eating cats. But our state legislators finally decided hunting accidents (mostly involving out-of-staters who descend upon my hometown once a year to pretend they’re mountain men) weren’t really a form of natural selection. And the state began requiring a permit to carry.

I learned to shoot somewhere around the age of 10. I helped my father clean rifles, pour bullets and reload cartridges as a child. And I believe that, just like driving a stick shift, everyone should learn how to shoot a gun, if only to give them back some of the respect and fear for the weapon that can disappear with the constant barrage of blasé gun violence we see in our entertainment.

I believe in the right to bear arms, but I also believe in the right of the state to ensure that certain members of our society never get their hands on a semi-automatic weapon.

I spent my formative years learning about the gun industry as just that, an industry, a business and a part of American commerce. But I also know that society must sacrifice certain profitable industries (like, oh, contract killing, selling heroine or extorting government officials) in order to operate smoothly.

As you can tell, when it comes to questions of gun control, I’m conflicted. But along with both sides in the argument, I don’t enjoy the idea of bad guys having guns and being one-up on the rest of us peaceable folk.

Which leads me, finally, to my point: The gun sales industry may be contracting as we speak, not because of left-wing politicians, but because the ATF has stepped up its efforts to shut down gun shops that blithely sell firearms to felons.

Four years ago, oversight of the ATF’s firearms division was transferred from the Treasury Department to the much more brawny Justice Department. And in 2005 and 2006, the Bureau of Alcohol, Tobacco and Firearms revoked the licenses of 220 gun shops across the United States. That’s more than they shut down in the eight previous years combined.

Since 2004, ATF investigations have led to criminal charges against 105 gun dealers. And the bureau is fighting congress to open its dealer database to the public. The database would allow anyone visiting the ATF Web site to see a ranking of gun dealers based on how many crime-related firearms they sold (of course, the dealers are fighting this idea tooth and nail).
 
Firearms are a $2 billion industry domestically, and the approximately 200 manufacturers in the United States produce 3 million guns, bought mostly by hunters, police and the military, annually. Demand for firearms has been flat for years, despite the idea generated by popular television and movies that anyone and everyone has acquired a handgun (or 12) in the last decade. 

So far the new wind in the ATF hasn’t blown down enough gun shops to influence the industry very much. And to this day, criminals account for a very small percentage of gun use in the United States.

In the meantime, mountain lions can still run faster than I can, and I can’t take a black bear in a fair fight.

 

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TAIPAN TIDINGS

 
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“Hot Hands” Cooper is on one of his famous rolls. His recommendations have made an astounding 2,207% cumulative gains YTD. He’s closed 16 positions in June including a 68% winner in Winn Dixie. The big loser of the summer… the Enron of the subprime meltdown has yet to be announced. Ian has it in his crosshairs… Own these put options before it makes national news and your next vacation will be a humdinger…

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Earnings Announcements

Eaton Corporation, Innovex Inc, Mattel Inc, Novellus Systems Inc, Stanley Furniture, and Traffix Inc are releasing earnings.

Unlock Dates for July 2007

7/23/07 - Aeroenvironment Inc is unlocking 6.7 million shares.

7/24/07 - Oculus Innovative Sciences Inc is unlocking 3.025 million shares.

7/30/07 - Employers Holdings Inc is unlocking 26.75 million shares.

7/31/07 - Information Services Group Inc is unlocking 28.12 million shares.

7/31/07 - XTENT Inc is unlocking 4.7 million shares.

Upgrades and Downgrades

Del Monte upgraded by Matrix Research from Hold to Buy.

BJ’s Wholesale upgraded by Lehman Brothers from Underweight to Equal Weight.

99 Cents Only upgraded by Deutsche Securities from Hold to Buy.

Royal Caribbean upgraded by JP Morgan from Neutral to Overweight.

EMC Corporation downgraded by Morgan Keegan from Outperform to Market Perform.

Westwood One downgraded by Citigroup from Hold to Sell.

Brought to you by Taipan Financial News
http://www.taipanfinancialnews.com

 

Today’s Exclusive TFN Video

Smart Investing Market Insight

“What to Own Going Forward”

From fear to greed, the bears become bullish. Christian DeHaemer, publisher of Red Zone Profits, is betting on technology, healthcare and energy.

View the video.

Quote of the Day

“Subway crime really is very low. It’s been weeks since I’ve been ridiculed because of the contents of my briefcase by punks.”

-  David Letterman, July 11.

 

P.S. Secret Backdoor Opens to Hidden IPO Fortune

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