even if shorts are in the green---
keep in mind that the people who shorted at 70 are super in the green right now.
what those people do when they are in the green? lock in profits.
how do they do that? by buying thier share and returning it.
what does that do? puts the shorts that are in the red more in the red, and lowers the profits of those in the green.
then you will see the price turn back up.
shorts. no matter what, will buy back. it just matters on WHEN they do so.
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Ceelee : and when they lock in profits that will increase price its a double edge sword for them now
Robert Peterson OP Ceelee : that's more or less what I was getting at. if the more recent shorts lock in profits the longer shorts will get screwed.