And the shorts have to cover at some point. I know they will just short it again, but the shares sold weeks ago still have to be covered and at a great loss. This will only drive the SP higher. 52 week high today and I expect more highs in the near future.
so you think the reason the stock has been pumped up 40% is because there is actual buying? The short interest is pumping this thing like deja vu all over again.Could I lose? sure, but Im looking at the short interest who is the real mover of this stock...just like in May, so look at the chart. If you do charting at all , a pic is worth a thousand words .... "shorted also @ 14.25 for just under 13 basis and havnt covered- ... yes I did get the short end of the stick with the dilution...but the trade is far from over Good Luck
ps- dont worry about BABA, as always he gets the last laugh