This is short term traders like you moving the price. The smart money waits for the dust to settle before starting to accumulate shares. Companies like this aren't very common, and why people would choose to short it is a mystery to me. I suppose you can scalp a few dollars on a short term trade, but if you think they are going down this year, you are going to be very disappointed.
Not sure what your point is with the "I am going to be very disappointed" comment. I shorted last night and this morning, each time on the over-bought pop. I covered half already and have a Stop Gain on the rest at 66.75.
Here's a clue for you: I CANNOT LOSE ON THIS TRADE.
I saw an obvious opportunity to short and make $12,000 to $14,000 and I took it. Don't read too much into this. If I went against your trade, so be it. Don't take it personally - when trading/investing Emotions cost us money.
Hmmmmmm, this is not personal, it's just business.
It's not personal at all. In fact, if you are a day trader, then your take on the future of the company is meaningless, right? Who cares what they do next quarter? The only thing that matters to you is whether it is overbought or oversold today. Maybe I misunderstood your posts, but you appeared to be trying to lay out your reasons for why the company is going to whither and die due to the cloud. My response was to let you know that you would be wise to cover and take profits rather than hold for that inevitable doomsday, but I see you are smart enough to know taht already.