MigraineCall wrote: I'm the opposite.
Looking back, a short attack with substantial volumes helped drive the stock price down in November, and then when it abated in December, the stock also stopped dropping and bottomed, and is now making headway, improving along with the others.
Eventually the risk/return of shorting more stock becomes too great, and the short volume falls off, leading to a bottom. They also may still have to cover, and buy the stock back, which raises the price.
I try not to catch a falling knife, with continuous downward trends and selling pressures. Although I will take small posiitons, when I see it becoming undervalued.
To put it another way, I'm sure I'm like you when you are heading out for a long ride on your bike. I don't go out to ride my motorcycle when it is stormy and blowing, nor hoping to time my departure just as the last drop hits the ground. I'll wait till the storm and winds are clearly over, the sun comes out, and the weather is good. Seems to me there are more and more signs each day that the forecast is looking great.
Experienced wrote: Actually I kinda like it when a stock I like is under a short attack since it means that I can buy the company at a discount. Once they have covered their positions-then it takes a lot of good news for the SP to go up a lot.
So frankly my friend IMO...lack of interest by shorts is bearish not bullish for a strategic and patient investor