Shorts in control now - They will bring another good company down
Well it wont breach 20 for too many reasons to name. Most of them you should know or not be buying it. You are part right on the shorts but some big boys have exited and not bought. You are dead on its not stable yet and I see it drifting lower specially if we get some sort of global news.
Too many wanting to try and catch a falling knife. It may not reach $20, but it could have a way downwards to go. I have some buy in points starting in the $25 range. Adobe sure got hammered in 2009 when the crash happened and I don't think anything like that could happen here now, but never say never and do not fall in love with your stock choices. It is better to cut your losses and enter at a lower point when it looks more stable.