In at 4.0597. This is too easy of a bounce. Oversold and insider buying will make this trade a cakewalk. I understand shorting in the long run but shorting right now for quick profits is just idiotic. Anyone shorting now will have a terrible entry point.
Yes I would like to assume that if you have taken a short position in the past 2 days and have not decided to cover by the end of today's market close; you should turn away from trading stocks. Don't really know why anyone would be shorting right now on this chart... just pure stupidity.
Is that a joke? In no way am I claiming that this stock will run for the long run, but anyone can see that this is due for a nice bounce...insanely oversold, monster insider buying, consolidation, MACD crossing over to positive. Think what you want, but IMO this is the perfect time to get in