Am currently short and at a loss at the moment. However, I thought about covering in the 40's and decided against it for the same reasons. If the upcoming trend (3-6 mos) on this baby is down, why would I want to cover early and risk not getting the shares back?
What good is a few points in the short term if I don't get to ride the slide? I am VERY patient here. I had to cry blood to get the shares I have, no way I take a couple points and chance not getting them back. Too many people (including myself) are dying to get their hands on some.