Than the almost 20% sell off in the last week and a half. 20% people of an en entire company vaporized KNOWING all rumours and buyout factors. This equity is going straight to $4 per share just about in a straight line. Atleast grab yourself 50% profit and buy it below $5 for a fun bet.
But - at some point for all the shorts to make money, they all need to cover unless all the holders of this stock sell off. Eventually every dog has it's day. Look at the airlines in the last couple days. People aren't buying because gas keeps going up. The shorts finally started taking profit when they announced fare increases.
Why $4 or $5? Is there a reason you pick that number? I'm asking because $5 just seems like round number. Why not here? Seems like the shorts are way too encouraged here. If covering starts at his level it's going to bounce back to $10 without any buy out rumor.