Short won't feel the squeeze until Nokia gets close to $4.50 or so. So far every pop in the stock has been followed by a significant retreat. The shorts simply wait for the upward momentum to taper off and then they pile on. And down she goes, with shorts laughing all the way to the bank. Again.
I see the same thing rmbo. This time I didn't fall for it. I had money to add more but I bought apple calls instead and I'm gonna wait to see if they take Nokia back under $3.50 or lower. If it happens it should happen very soon, like next week.....after this oversold knee jerk reaction bounce.