Stocks are shorted for a reason unlike most think. Reason is that investors that can read balance sheets load up on shorts. Short squeezes is a facade to push a stock higher indefinitely. It doesn't work like that and when it's hammer time. its down the toilet.. Just a little time, maybe even tomorrow
It sure is met, over 35% of the stock is shorted. So tell me when do you guys cover. After you short somemore or before you take that chance and cover first thing tomorrow morning. The battle is over for now.
Opinion, this goes down from here. This is a little giddy reaction to the number of new subscribers, but it is not sustainable. These numbers are worse than I expected, although I am surprised at the reaction.
Even Enron had to report true earning eventually. I have a hard time believing the numbers. It just doew not seem to add up. but time will eventually bring all facts to light. Enjoy your day, longs. I congratulate you.