Just wait for few more days, this will sky rocket. If you look at this board now all the short people are bashing on drop out of the patients are more. etc. This will not last long, they want to cover now. This will skyrocket very soon. Please don;t be a loser and then thank me later.
I am thinking not just shorts but also some fund managers are selling in multiple of hundreds and artificially drop the price and then later accumulating at cheaper price. See the number of block volume happened today its close to 900,000. That's what they generally do get the stocks in cheaper price, so stop loss will trigger and the price will go down. Now in couple of days when the PPS reaches 6 they will sell make lot of money. PPS has to go up, if Rockwell did not do any cooking on the results, its very unlikely.
What was the short float? I thought it was something very small like less than 10%? Also how are you so certain that this sell of is only due to the shorts?
I for one am slapping myself in the face right now because my gut instinct told me to buy out this morning at $5 and buy back in at the close. Oh well I'll still take any profit so its still good!