Trust me, the shorts are not in a good place and they know this. They have already made their short term capital gain(yes they pay higher taxes on it). They live in constant fear of a buyout, news event, etc. The shorts want to make it appear as if they are in control. Truth is, this is a debt free, highly profitable company currently selling at a tremendous discount....not the kind of company you want to stay short on for too long. This is not radio shack or borders lol.
very true. Came down very fat. But for the shorts, better to make roft with higher taxes than no rofit at all. But for us longs, the worst should be over as this company has already given back 45% in the last 5 months. Deckers wasn't cheap at 118 imo, it wasn't expensive either imo. Fairly valued for its earnings and cash so far, so I understand rofit taking. But to this extent is just to kill those on margin, laying overhead, and not thinking long term(99% of retail investors).