Smackdown? OK.. the actual real time production numbers are disapointing, but clearly they will increase rather quickly from here on in. No matter, these numbers do not justify yesterday's smackdown... market cap down 35% with only 5% of shares being traded... doesn't fit the profile of concerned investors cutting there losses... looks more like
manipulation by the pros to shake out weak hands.
Trouble with shorting is that there now is a built in demand on the long side to cover... I think at these prices the pros have overplayed their hand and will need to cover quickly, potentially sending the sp back from whence it came. Long term technicals looks like a double bottom forming. Good time to pick up shares on a fundamental, value basis as well.. as has been pointed out in previous posts.