Anyone playing the downside on the defense industry stocks with the Sequester looming and appearing likely to occur? General Dynamics and Alliant Techsystems Inc are two of the ones that would seem to be pretty vulnerable, but ATK does civilian ammo sales which are high now due to fears of gun control. I have been playing them both here and there...using puts. I am curious if anyone has also been playing the short side in this sector and which companies you believe most vulnerable to sequestor cuts...NOC, LMT, RTN, GD, ATK, BA, PCP or LLL?
I've been stalking the long side. I had EAC and FLIR on my short list a couple weeks ago; too bad I wimped out and didn't buy the breakout(s). Defense is one of the strongest sectors out there. Benny Bux are buying bombz - LOL!