You know what...that's not really as outrageous as it sounds. Either this goes up to $35 or so just so that the shorts can cover asap (before a takeover bid)....or it goes up to $100+.
Remember the Porsche-Volkswagen short/takeover deal?
Only thing is if we have enough down days then the shorts (especially if there are just a few big players) can strategically just buy a little at a time...but I do see it crossing into the 30s for sure.
By the way, shorts are only at 11M today, down from 12M yesterday, and 11M represents only 33.7% of the float....still significant though.