this is a scary short Two weeks ago when the stock ran to 18 it was shortable because it was too far too fast. There is a HUGE short position but this week I sense a mood change,. A few times this morning we re-tested the lows of the day and normally everyone would short sell en masse and it would tank another 50 cents in aminute. Not so this time. The momentum and enthusiam is on the LONG side in the next month. When the short position is too big and scary its even SCARIER to add to it. We are at this point now.
The call/put position and the huge imbalance suggests that the trade next week will be LONG.