I think the mistake that most shorts make is they establish their short position in the morning. If the stock or market turns against them they get stuck. They do not want to cover because of the loss and if the stock runs up again the next day they may have to cover. I would not like to hold a short position in this stock for very long as it can turn on a dime. That also goes for a long position. Very high risk no matter which side of the fence you are on.
or you can just stay short and hope for the best ..... Shorts temporarily slow down an advance and allow true investors to buy more (of the stock they are shorting). When they cover, that fuels future price rises or limits declines. Maybe you've been watching this day after day occur? .... then again, maybe you've known this all along :)
Right, Most shorts establish their positions in the morning and close their positions on the afternoon run up. If you reverse the pattern and establish your short in the afternoon on the run up you can sell on the dip the next morning.
I actually think they may run it up again they move it during the slow periods of the day. In the morning after the open and in the mid afternoon. Someone is using this stock as their private money maker.