RE:RE:RE:RE:RE:RE:RE:RE:RE:shaping upWhat makes you think that the past 3 days short was recovered immediately? Every dip in the price does not indicate short sellers, if anything when building a position they tend to sell as high as possible.
It appears to me that someone is building a short position in this stock in the high $39 to low $40 range. It looks like they are trying to keep it in a tight range while shorting the least number of shares they can.
We may get more information when we have the NASDAQ 15 day short information on Nov 10 to see what it was at on Oct 30. This may give us a good indication of the size of the short position given what the current trends look like.
Also, not all people trade on chart and pattern. I for one trade primarily on business fundamentals. I take advantage of dips, and sell when it looks like the stock is overvalued on fundamentals regardless of chart.
I will look at the short info after today and you will see that they are clearly keeping this one tight, and trying to keep it under $40. And they would have an exit strategy. You do not build a short position of that magnitute without a plan.