Tips and Up-ticks
At 12pm the massive selling started. This confuses people as to who is selling and why. First in a short-squeeze situation, you have the longs selling and probably the shorts trying to re-enter the short positions higher. But given that the market sentiment has changed from bear to bull, shorts will not likely try to re-establish positions. So the people selling are likely the longs who either want to get out or the investment dealers( market makers) who bought at various levels on the way down and now they are unloading their stocks back to those who had borrowed them in order to sell them, That it's not the shorts that are selling but the longs becomes evident from the rapid succession of these batches of stocks sold. For the shorts to sell, they need an uptick in the sp before they short massively. But not the longs. Longs can sell in rapid succession without waiting for a buyer and the uptick in price. Within 10 minutes 700000 shares changed hands. These trades are long not short. So let us not blame the short sellers for trying to depress the stocks. In fact in a short squeezed they want the stock to be depressed in order to cover positions.