No need to insult. Trading in markets isnt always about PE. Sometimes stocks are over valued and other times undervalued. All that matters is that you are on the right side of the trade. I may not be a genius as you sarcasticaly infer but I have been right... (At least for now) Good luck with your shorts.
Voiceof, I agree with you that sometimes P/E has nothing to do with price action. That is why I said "if we bust thru, I give up" because in that scenario, I think your target of 31-33 is very reasonable, even if the resultant P/E is not. What I think makes this stock so exciting right now, is that, if we do stay under $26.50 area and drop down, a move just as massive to the downside could result. GLT.