That day is coming! And it's going to be a real blast watching all the shorties frantically scrambling to cover their shorts. Once the short covering starts, the bulls will jump all over it and push it even higher. How many investors wished they had jumped into the market in March 2009 when it was bottomed out? Tons! This stock gives you another shot at cleaning up if you missed the 09 bull market.
Frankly, I hope it drops under $2 for awhile so I can grab a bunch more. When Chysler had to be bailed out with government loans a few decades ago, it really looked hopeless at one point and dropped to $2 a share. But later, many investors who had the b*lls to buy low and hang in, made an absolute fortune as Chrysler clawed its way back up into the black.
So hang in there longs, and don't let the insecure, weenie shorts shake you out. He who laughs last, laughs best. You can laugh all the way to the bank. Pun intended.
Your obviously ill informed. I'm short C and I will cover whenever the hell I feel like it. I shorted at $5. and more at $3.40. I have covered some of my position but no one will need to "frantically scrambling to cover their shorts"
People short covering will never move C under any circumstances. Learn about how many shares are short and the amount of time it would take to cover the whole short position. With C it's not even a day. A no problem for shorts to cover whenever without being squeezed.
P.S. If you know how to read charts, you can see quiet, continuous accumulation by the big boys occuring in this stock. If you can't figure that out, what the h*ll are you doing trading in the first place?