shorting AIPC

We now short American Italian Pasta, AIPC which last traded at $31.

The stock is up over 400% in the past year. Clearly the company is doing well, and as the "recession" continues to worsen the company's products will almost certainly be in even higher demand, however it seems to us that both business expectations and the stock are unrealistically high at present. Further, the general markets are due to correct. The technical trend suggests the stock could trade closer to $20 thus we place our speculative bets accordingly.

We'd be very nervous shorts should the stock be closing above $35.



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