Thats why I wouldnt short the stock, it's moving on momo and asset inflation. A bounce on a pullback would be the only trade I would do and maybe leap puts.
ati has half the P/E and not that "interesting" histroy of splitting the shi7 out of the stock.
however -
I am still bullish this sector(industrial metals/materials). China and India have wayyy too many people to think that growth of industrial manufacturing is going to slow.
true enough ... but in the short-term, I think we'll see lots of profit taking across the board.
the news on every front is BAAAAAAAAAD. Expect of of course the gains in the markets recently. Which will probably catch up to the rest of the global environment, at least in the short-term.