RE:RE:RE:RE:RE:Following a familiar pattern of tradingLast month there was a huge, high volume spike...I sold into it catching the top-tick(US)...just lucky. I sacrificed the dividend in order to do this. Was able to buy it back cheap just recently. The volume involved, and the degree of movement was indicative of shortcovering. What triggers these sudden events is not always well understood since most large short-sellers employ algorithms. These programs work off of news and arcane architecture, so a human doesn't always understand the driver, at least not immediately. It could be something as simple as a news story or exceeding a moving average.
This stock has undergone a long term vicious, momentum driven selloff which is showing signs of exhaustion. Given the relatively large short position, and the lack of progress lately to the downside, some move up of significance could happen at anytime.