It definitely has been a nice short from 10.50. With the GDP number today it remains a nice short as do most of the coal stocks. Another nice nearly 5% drop again today. Lighter volume because there are few buyers and many of the shorts are staying short. It appears to be mostly sellers on the offer with the shorts in no hurry to cover.
Do not think you will see a big drop in the overall market. Coal, steel, gold stocks will continue down while financials and internet companies will be the main winners of Ben's printing press. Do love this ANR short though.