Nice part of BIG MONEY short is they have to cover sometime. Time is money to them and they won't hang around long. The easy shorting money has allready been made. Now the hard part begins, that of covering without the price going up too quickly.
That is true. Yet the reality is that folks are still selling with good volume this morning again. These folks do not have to make their money in a day. They create the trend for day traders so if they want to continue shorting we are talking a few million shares even if it is only 25 cents, it is still a considerable amount of cash.
It has already traded over 1/2 it's normal volume in the first hour and a half with continued refreshing on the offer. So we still have heavy, steady selling and or shorting. Am actually surprised there has not been a bounce in the last couple of weeks. Some folks are serious about taking this down.