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BRF S.A. Message Board

  • sant3899 sant3899 May 3, 2013 10:22 AM Flag

    Shorts

    Has anybody noticed that the recent push up in PPS has attracted shorts to this stock? And, of course, the bird (poultry) flu scare in Asia isn't helping much either. I am beginning to consider shorting it myself or placing a Stop Loss order. I have held it for too long to watch it all go down the drain again. IMHO.

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    • I have been waiting and waiting for a pullback to get in. Even at $18 it was still too rich for me. Now that it is up to 40x+ P/E, I am looking into buying some puts here. It's a great area to do business, but at 42x earnings, the market is pricing in all the growth with no chance of a slip up. Timing will be everything if you plan on going short.

 
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