Lost, you mean CHA-CHING....Sold in the morning. Read my posted messages. Hahaha, just got home from my workout at the gym and to my surprise, I'll be shorting again if it hits $7.....read my posted message, read my posted messages.
YOU DON'T SELL A SHORT POSITION. YOU COVER. If you are going to play the part of a professional trader get the lingo right. I mean only an idiot would ACTUALLY short (and I mean naked short in your case) a speculative stock with such a high beta. Stocks with high betas offer great reward with high risk. If you short those stocks your reward is limited and your risk is unlimited. That is why most traders tend to stay away from high beta, speculative stocks if you are going to short. You may get away with once, even twice, but one day it will get you. There are a lot better short plays than this one. On the otherhand going long on a speculative, high beta stock. Your risk is limited and your reward is unlimited.