You're so right - dude -this stock has been a disaster for many months now. Its just that bounces can develop very quickly on seemingly little news on these shorted mutts that aren't going to zero (at least not any time soon)! The trend says its screwed for now, which is why I'm waiting. Hopefully I'll be able to grab some shares when the turn is still early in the game!
I luv listening to a smug short on a badly beaten down, heavily shorted stock (which I fortunately don't own, at least not yet). I heard 'em with St. Joe's in the teens. Thing is - when these stocks do turn up and start jumping, the kitchen just keeps getting hotter as the shorts add fuel to the fire by starting to cover their huge positions. hgg doesn't go to zero anytime soon - and their are more big bounces to come.