Now That We've Hit 52 Week Lows?Pretty good volumes in first 1/2 hour of trading and hit 52 week lows. This means that the weak hands are selling off, taking their losses and moving on. The shorts are firmly in control and took it to new lows to pick up some of the stop loss orders people put in.
The 52 week lows may start to indicate that the shorts are running out of weak hands to buy from and may start to drive the price back up again, but slowly. They will try to "suck" people back in, thinking that the stock has hit bottom and so may want to jump back in, especially leading up to the year end results in early March.
If you want to limit the shorts access to shares for shorting, then put a high "sell" price like $10 and long date so that your broker has to set them aside and can't let your shares be borrowed by the shorts.