2 great posts for wes today,this is not a rocket but will be fine intermediate term,the shorts were not give a lot of immediate reason to abandon their position,and the reason to buy ok,now if thors will shut up the bleeding for today might stop
I particularly like the days to cover approaching 7 and short interest still rising, dollar cost averaging the losses ehehe.
There are some facts that can be interpolated. We know 165 million shares are short, we know to have a short there must be a buyer therefore the buy points for the persons who are long have moved from the $6,$,7,$8 buyers to the $14,$15,$16 buyers who now wish for a return on their bet. I do not think you will see the skittishness in the stock as you once did and this is also evidenced by the lower daily trading volumes. Everything seems wonderful to me. Daily fluctuations are just to put some icing on the trade cake.