It is not about share price!! Market cap is very low: $250+ Annual sales will soon be $30 M , so applying a multiple of 20 for such speculative companies, you reach $600M cap: In other terms stock is undervalued today !! EASY $10 with 3 month
Now will start to down as a rock? Did you mean, now will start up as a rocket? Today it hit the 5-mark. Give it a few weeks and see the 8-mark coming... Keep shorting my friend... But do me a favor, go look at the chart... Wonder where you get your lessons in trading!
I never, never, never, short a stock selling at less than $50 to $80 a share. When it comes to shorting, price becomes an extremely important factor no matter how good or bad a stock is. The simple reason is that a shortsqueeze may prove to be catastrophic for someone holding at a very low price. Look, the rules are that generally speaking, stocks are expected to go up, and that is why investors or traders tend to buy low and sell high. This is the relaities of this game. Otherwise, you take your money and go to Vegas and might end up with a little less than 50-50 chance to win your wager, still a far better chance than shorting a low priced stock!