They had to sell over 700,000 shares at 4:00 to keep it below resistance. This party is over as margin calls hit on Monday and keep hitting all week. There are millions of shorted shares under water now and the water is getting deeper every day. Shorts are grasping for air and will be drowned next week.
Jad, you are the second person who mentioned the margin calls coming this week.....or perhaps you are the same person saying it a second time. Question........how do you know there will be margin calls this week? I don't understand as I don't trade on margin.