Shorts still have earnings to look forward to. It's still a month away but if this price level holds ( above 7)...I will be selling into earnings...it's financials don't support a 7 dollar PPS...thats why it sold off last earnings too.... it's technology does, but if its earnings are as average as the last two were... it won't hold this level. They cud surprise in earnings, but I wudnt take that chance.
You my friend are a neophyte to this board. When the stock was at 12, earnings didn't support that price either. To put it in calculus for you, it is the rate of the cange over time that really matters. More and more are signing on, and that is without MPBP. It was the USAA suit that killed the price.