Whatever happens now, miss or hit the shorts have done well.
Because of the drop in PPS ($4.68-$2.90)
Beat...cover ...made money...big enough drop
Miss...Shorts still intact...make more money
Perhaps a round top pattern, volume started to decrease at the top, sellers and shorts moved in. (sleestacks volume comments) selling and shorting continues and finally gaps down under 50dma.
Market is going up on lighter volume. Could be forming the right shoulder to a head and shoulders to the downside. volume has been light on all the major averages. We should know within the next three days which direction we are headed. I personally do not like buying when volume is so thin....shows no conviction.