Could be other reasons than naked s.sellingI find it hard to beleive that all the shale plays are down because of short-selling. For example, there was a lot of selling of ATI this morning and in this market I think that some players need to raise cash to cover margin and they are selling their most speculative stock at this time.
The mo-mo crowd have also moved to other plays so I see all kinds of excuses for ATI to go down, once drilling results will start coming out we will know where we stand.