Allied Defense Group Inc. (ADG) hit a low on an intra-day basis, but it was a strange trade that came right back; could even be a trade break.  Low print was $3.82; close at $4.07; prior range was $3.95 to $8.35.

British American Tobacco plc (NYSE: BTI) fell 3.5% to $43.77; prior 52-week range was $44.96 to $80.65.  Do the Brits not smoke more in a recession? Jolly!

Express Scripts Inc. (NASDAQ: ESRX) down 4.5% at $44.09, low was $44.40 and high was $77.97.  When PBM’s do poorly…

Macerich Co. (NYSE: MAC) fell almost 8% to $5.81 but was as low as $5.64; prior trading range was $5.80 to $76.50.  Ouch, 90% off for the REIT.

United America Indemnity, Ltd (NASDAQ: INDM) down 8% at $3.82; prior range $3.92 to $20.22.

JON C. OGG
March 27, 2009