the first wave is what you saw. the second wave is yet to come....how do i know that? just a gut feeling based on the fact that everybody still wants to short it as they keep looking at co. fundamentals. When you keep looking at co. fundamentals and valuations and cash burn and high PE, of course you are gonna see a $55 actual worth stock only. So your intelligence is gonna compel you in spite of yourself to SHORT it.
and MMs will use that fact to squeeze those new shorts more and more........its how bubbles are made & SUSTAINED