Predictable Yo-YoI think it was BasementTrader who showed us, a few days ago, the screenshot with the thin ask and it looks like he was right. As soon as the shorters lose steam it snaps back up because of thin asks. This just means that most people are holding tight but a few people are willing to sell, hence the rapid up and down on relatively low volume.
I would hate to have been a shorter yesterday. If you held a short position you are down 11% and as one frequent poster mentions you need to add the opportunity cost of the gains had you held a long position. So, all in all you lost out on 22% yesterday if you held a short position - yikes. Anyways, the problem with being short on a good company is that you know that eventually you will have to get out. The advantage of holding a long position on a good company is that all you need to do is be patient.