Given the acquisition of Universal Stainless by Aperam at a premium valuation, combined with recent strong financial performance and significant share price increases, I see an opportunity for brief downward pressure on USAP's stock as market reactions settle. This suggests a favorable short position.

USAP has been performing exceptionally well, hitting a 52-week high, and the company's fundamentals are solid. With profit sharing and share purchase options for employees, I believe there's significant long-term growth potential. Getting in now could yield strong returns over time.