If you've noticed, the PPS continues to hold in the mid 17's. New short positions will soon realize we're not going to fall off a cliff and the smart ones will cover and add fuel to the move up. Watch what happens after the big boys get back from lunch.
tough to say what will happen. Have to believe any longs still in will be tempted to take profits soon. I'm considering looking for the top to short this. Some may have tried that too early and may cover as you said, but we still have many shorts that will enter when they think the top is in. Add in the profit taking and yes it could pull back a lot. When will that happen? That is the key. It may not be today.