If they are any sizeable shorts still out on MAGS there cards will be turned over at 4pm on monday. You can see there HANDS. Big advantage.
Smart shorts have already covered discreetly. Novice shorts will bite there nails and hit the buy buttons several times. Pros buy on the bid unless really SQUEEZED. Many lay even more shorts into it as the price rises.
You all must wait until 4pm but........
Here's a secret. If the bloodletting changes direction to gains ( AND HOLDS ALL DAY POS)use FIFO and lighten up if you have a large position. So at 4pm it's NOW confirmed that shorts are in the house OF MOUSE and you can buy with CONFIDENCE knowing the shorts are biting there nails and puking up there late lunches. If no short interest at least you scaled out until after earnings.
I think personally the bottom is twenty buck but remember the float has increased by the President selling his stock. More people can now short but the shares outstanding remain the same....unless...grants stock options....we wont go there.