RE:Short covering has begunI think the bulk of shares shorted were at much higher levels than current trading levels. You might get some shorter term traders covering their positiions however I'm guessing if that if you had shorted this in the $20s or $30s or even $70s, etc. like some did....you'll be in no rush to cover your short position on a move from $6 to $8. If you shorted at $10 or $6.66 like PROtrader, than yes you are right, another up leg and some covering will definitely begin. Bottoms up to everyone from here on in!