Yeah...cover it. It's going to trade up and down a bit, but this may be the cheapest it will be in the next few years. Losing $14 per share is bad, but a few months from now, it could be double or triple that loss. That's more likely than going back to $24.
I lost more than $40K of my short profits. And I have no job, skills, degree, or income. You are WAAAY better off than ME! Oh--and I'm OLD! (50yo). Easy come, easy go. And the easy come was enormous, and plump, and exciting! Those days will return. In tenfold, perhaps.
I posted many warnings from the initial shorting period that as FB kept meeting guidance, and after the shareholders mtg debacle, and Sandberg's sales, that just about ALL the bad news in the world was already priced in. After Sandberg said the company was strong at $24, it was clear that shorting was very risky and my posts noted that.
I don't like this stock the company or its leadership, and I hated being a bagholder, but I remained committed after Sandberg's bold claims at $24. This is a speculative play from day one until today. Always was because it's run by erratic plutocrats.
You could try shorting again at $38 or $48 when the fundamental and technical indicators suggest pullbacks.
Sentiment: Strong Buy