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Monday, June 30, 2008

The Weak Consumer

I'm betting against the consumer heading into the rest of the summer. Specifically some of the speciality retailers. I am in the process of shorting Aeropostale INC (ARO). Looking to short this company via the October 30 puts. The bid/ask is currently at $2.55/$2.75, so I split the difference with the hopes of a pullback within the next 30 days.

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