RE:RE:More shortsstarsearcher40 wrote: 4.4MILLION shorts added?? People in this stock, you seriously need to consider your position here. During that 2 week period, the stock hit a low of .71 cents, But was there any rush to cover?? NO THERE WASN'T. at .71 cents they could have covered, but didn't. And instead, as of July 14th, the SHORT POSITION IS UP.
I get that there are some of you who are caught here buying much higher (when it was artificially inflated) and are hoping somehow this recovers so you can sell. Stop hoping. What you need to do is just look at the reality of the situation, and then move on....difficult lesson learned. Imho, this stock has a far greater probability of dropping another 20 cents than ever climbing 20 cents.
One other thought. Would you hold/increase a short when the stock was 71 cents if you didn't have a darn good "hunch" where the stock was heading? The short position has increased for a darn good reason.
ha ha ha ha.
take a good look at the one-hour chart.
and no, the short position decreased.
watch this next move, kiddies.