How is it that you "should have known"? Was there a huge clue that folks might take profits after a $2 run in a frothy market that just returned 10% or so in a month? Not that anything about that has anything to do with whether or not this is "dead" money; fact is, you don't "know" schitt. None of us do.
Good post; I have periodically wondered and posted what happens post covering.
Emotional longs have been excited about a squeeze for OVER A YEAR.
Sure, squeezes are "fun", but is the effect only momentary???