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Exactly. My trading partner just hit his capitulation point! He just threw in the towel on his short position. That is usually the tiem to get in on the short side :)
no disrespect, but that's what day traders were saying back when the stock was overvalued at $80, you know, around 12 months ago. Make sure you can ride a tsunami before you get your board out.
So are you long and squeezing the shorts?