this isn't the only one where the shorts will get burned by not having done real work and simply shorting something b/c it looks expensive and they don't understand the fundamentals.
People need to learn to factor in the economic moat of a company. Many short sellers simply evaluate the P/E, PEG and EPS, which in a bull market is as dangerous as going long on those same companies. Gambling at best.
Most on-line discount brokers allow 3 free day trades per 5 business days. If you think you made a mistake today shorting, you should cover today and cut your losses and buy to get your money back.Check out recent post attached article from buy-ins.com (thanks for article) about the short situation here. From 123-126 here just in last ten minutes. 130 today or Monday possibly much higher.Shorts stay out until at least next Tuesday, then have your fun.SHORTS COVER AT THESE PRICES WILL NOT SEE 126 AGAIN.Again, if you are on a discount on-line broker, you can use a day-trade here to cut yourlosses JMHO
if you can short stocks, you have a margin account which means that the three roundtrip in five days rule does not apply.That's for those with cash accounts.