I don't think we're going to see a short squeeze. There is enough negative in the short-term to continue to fuel the short position, so they have time to exit orderly. Even with the fantastic guidance this stock hasn't been given the benefit of the doubt regarding valuation, I don't think that's going to change now.
I suppose it comes down to how much those short believe the growth story. There are certainly 3 areas of significant revenue potential not included in guidance (R4, Ultrabook, IP licensing) so it's going to be a hold that makes less sense as we move into the second half of this year. Even this said, one could infer from the CC that there aren't any/many Ultrabook wins for the new fleet coming here June 5th. Hopefully I'm wrong there.
Long story short, there's still plenty of indecision. I'm bullish on the long term story, hope I'm wrong about short term action, but I just don't think there's going to be a squeeze.
There are companies out there that are increasing revenues and actually making a profit who are getting hammered after earnings because the profit didnt increase enough. These guys are increasing revenues and losing more money. Short squeeze? Dont hold your breath. In fact, don't be too surprised if it closes today under 6.
All this profitable talk is getting old. Yes, that's the goal but it doesn't have to be immediate.
Facebook wouldn't be Facebook today if it cared about being profitable. Amazon wouldn't be the dominant etailer that it is if it cared about profit in the early days. Apple would have been sold for parts if profit was what mattered in the late 90's.
You guys need to give it a rest. They're getting there and profitability ramp is going to be fantastic.