what can shorts like me do now? I was so sure it was going to drop after earnings. I am losing a lot now and don't know whether I should cover or not.
Sorry folks ,from todays action looks like it should hit 52 before anything else.You might have to short again at 55 and it might go to 60 or 75
I switched to puts today, as Ameritrade won't let me short NILE anymore.