is a low volume up-tick post-capitulation. Volume protects them as there will be sellers to absorb the shares they are buying to cover. No more sellers leaves a situation where they will have to chase the ASK and are then at the MM's mercy. That's the spark that will start the forest fire of a short squeeze. Not saying a squeeze will start with no news but all the ingredients are there - it's just a matter of time when the cooking begins.
IMO this is being manipulated by MM's...there are no sellers right now (look at the Ask Volume). U are correct in that there are no sellers left at this price. I'm tryin' like hell to buy another large block and can't get anyone to sell to me unless I myself move the market north. This is #$%$. .... This should be well north of 4 this morning and should be there now.