Last year, one week prior to Feb Earning release till one week after earning release, stock up 15%, big short positioned around $19.7. That is without Nook Color and Border's catalyst. Chart looks very decent, unless they find a bug in Nook, BKS going to $24. Shorts have to cover sooner or later. They also need the cash to short other high flying stocks, the potencial in BKS for shorts are not that lucrative anymore.
We will see if an " edge " comes up on the other side of " bouy #24 " , it all depends upon the tide and wind ( other mkt. conditions , hint hint ). Be certain the bilge pump is in running condition prior to nearing an edge otherwise you might get stuck .