Shorts, are feeling the noose get tighter. Time runs out on the 22nd of Dec.,and if they keep supplying more stock for sale,they just will get deeper in trouble. Now, is when, the big holders,should step up,and do the squeeze.
no, I think the shorts are heartened to see a pull back, it gives them confidence, same as a run-up does for you and me . . . let them dance for a while, it just means they will be that much slower to react, once the balloon breaks loose . . .
At any rate, it seems inevitable now that it will hit 60 at some point . . . just a matter of patience, still and always.
Your correct,they are dancing alright, however their pants are on fire,and they can not escape. Just watch the slow volume,and you can see that,the selling is in 100 share lots,and very little is being offered.