Small Amount of Shorts Only 2.5% Of FloatIt's not the shorts. Go to www.shortsqueeze.com and it shows you the percentage of float short. You have to punch in the American symbol IAG. 2.5% of short float is very low. JC Penney last Feb. AT 50% short float was high. I think the reason was CIBC buying large amounts plus some other institutional and retail investors on Larry's calling it a pick. I lowered my position at $3.83. It's risky when it moves sideways after a burst like Tuesday. It can move sideways and pop up or down after. If it pops down it could retest $3.00 as a double bottom. Even if Gold drops to $1,150 I don't think IMG will drop below $3.25, but it could touch it again as double bottom if gold drops more. If gold spikes to $1,350 then IMG above $4.00. I had to sell because I'm CRAZY! And loaded the boat on IMG with $82,000 a few days before the pop! $10,000 profit in a few days, I can't risk losing that if double bottoms! The answer to whether to hold it depends on how much money you have in it. You can leave $100,000 in it for a few years but if you die from stress and an ulcer, whats the point? Lol. I just left $10,000 to leave long until end of 2015. If it double bottoms again I'll load the boat again! The high volume makes it safe for large amounts, not like penny stocks. Ohh BTW guys, if gold goes lower, the Directions ETF for Junior Gold 3 X's leverage is Symbol: JNUG. It's only in American money/exchange and its the only junior mining high leverage ETF. The big spike early 2014 tripled the price of JNUG. You have to be careful and not go long unless very sure gold has bottomed because leveraged ETF'S lose value over time through erosion. But with this ETF you don't have to worry about a company going out of business and losing a big chunk of money because it represents many junior gold mining companies. I'll take my $10,000 profit foe now! Thank you IAMGold! Good luck all.