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.
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.